There have been many stocks which have recorded considerable losses over the course of the past month and one of those is the TechPrecision Corporation (OTCMKTS:TPCS) stock, which tanked by as much as 21%.
On Thursday, TPCS stock jumped 0.52% at $1.9200 with more than 24.09K shares, compared to its average volume of 94.04K shares. The stock has moved within a range of $1.8900 – 1.9900 after opening the trade at $1.9100.
The company, which is involved in the defense and industrial precision spaces, yesterday announced that it had rescheduled the date on which it was going to announce its financial results for the second fiscal quarter of 2022. In addition to that, the company had to reschedule the conference call for the same as well. TechPrecision announced that it was going to release its financial results and host the conference call for the same on December 7, 2021.
Previously, the earnings release and the associated conference call had been scheduled for November 22, 2021. In this regard, it should be noted that TechPrecision decided to delay the announcement of the financial results since it needs more time in order to get its financial statements in order owing to the acquisition of Stadco not too long ago.
It should be noted that the transaction with regards to the acquisition had been closed back on August 25, 2021. At this point, it remains to be seen if the latest announcement brings further pressure on the TechPrecision stock or not.
TPCS stock is trading below the 20-Day and 50-Day Moving averages of $1.97 and $1.96. However, the stock is trading above the 200-Day moving average of $1.48. The stock is down 12% over the past month.