Since the fireworks ended on the 4th of July, one company’s penny stock seems to have been inspired having gained nearly 160% since the smoke cleared. Investors who saw an undervalued opportunity to get into TechPrecision Corporation (OTC: TPCS) when it was at its lowest point in over three years are laughing. Not only has the share price more than doubled on an escalator ride to new 52 week highs, but TPCS stock is finally beginning to get some respect after following their annual shareholders meeting with a deal worth $115 Million in the market segment the company sees the largest growth coming from: Medical.
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TPCS Stock Chart
Market Cap: 25.33M
Last: 1.34 ▲ 0.10 (8.06%)
Volume: 228,081
Dollar Volume: $307,871
Open: 1.24
High: 1.41
Low: 1.24
Trades: 98
Authorized: 90,000,000
Issued and Outstanding: 18,904,577
14-Day Rel Strength: 77.08%
14-Day Stochastic: 81.58%
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TPCS popped up on our radar screens just recently when the penny stock was hitting new 52 week highs every other day. Monday’s volume spike and news announcement of a 6 year, nine figure deal to exclusively produce complete product assemblies for Proton Beam cancer treatment equipment in the U.S. and Asia was the last alarm bell that needed to ring to grab our attention.
PrecisionTech is an amazing company from the balance sheet alone. Assets worth $23.6 million with liabilities of just $11.9 million as of September 30, 2012. Revenues for the six months ended were $15.22 million, just slightly less than the same six month period in 2011; $16.32 million. With a new 5 year deal worth $115 million, net profits are soon to become the norm as they shift from the alternative energy sector and into the medical device market, a sector whose growth is expected to expand significantly up to and through 2018.
As far as technical indicators go, TPCS stock is trading 0.37, 38.14%, above the 50 Day moving average of 0.97. If that isn’t bullish then we can’t wait to see it get bullish. The first resistance point, 1.42, was nearly tested on Monday which should see a hit at some point in the next few trading sessions. After that, there is little to no resistance until 1.50, a level not seen since August, 2011. When the Q3 filing comes out, a volume spike and price reaction, likely positive, will be inevitable.
About TPCS Stock
TechPrecision Corporation manufactures large scale metal fabricated and machined precision components and equipment. These products are used in a variety of markets including the alternative energy, medical, nuclear, commercial, defense and aerospace industries through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd. Click here to view the SEC filings for TPCS, here to view the recent presentation to stockholders.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 01/07/13 | 1.3400 | +0.1000 | +8.06% | 228,000 |
| 01/04/13 | 1.2400 | +0.0400 | +3.33% | 5,200 |
| 01/03/13 | 1.2000 | +0.0100 | +0.84% | 12,900 |
| 01/02/13 | 1.1900 | -0.0200 | -1.65% | 31,300 |
| 12/31/12 | 1.2100 | +0.0800 | +7.08% | 201,400 |
Bottom Line: TPCS already trades as if it was on the AMEX and is a good penny stock for long investors have on their “get to know” list. It would take hours to write up a report on all of the positive aspects of TPCS stock as well as dig to find the negatives, if there even are any. With the stock structure and growth of TechPrecision, $2 and even uplisting seems to be the future.
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