{"id":6598,"date":"2015-08-20T15:13:37","date_gmt":"2015-08-20T15:13:37","guid":{"rendered":"\/?p=6598"},"modified":"2015-08-20T15:39:32","modified_gmt":"2015-08-20T15:39:32","slug":"investors-are-happy-with-techprecision-corp-otcmktstpcss-results","status":"publish","type":"post","link":"\/articles\/investors-are-happy-with-techprecision-corp-otcmktstpcss-results\/","title":{"rendered":"Investors are Happy with TechPrecision Corp (OTCMKTS:TPCS)’s Results"},"content":{"rendered":"\n

There are some things not to like about TechPrecision Corp (OTCMKTS:TPCS<\/a>). The business plan, for example, is pretty conventional – the company manufactures large scale metal components and equipment. Of course, there’s nothing wrong with it, but this is the OTC Markets and usually, the people investing in OTC companies are looking for something exciting and revolutionary. Unfortunately, precision metal components don’t cut the mustard on that front. <\/p>\n

In addition to this, TPCS<\/a><\/strong> isn’t particularly active when it comes to press releases. In fact, outside the PR’s that come out whenever the company files a financial report, TPCS<\/a><\/strong> have had almost nothing to announce over the last few years. This, in turn, means that the few investors who are paying attention tend to lose interest pretty quickly. As a result, the volumes have been dismal. Recently, we even started witnessing zero-volume days which suggests that there are some serious liquidity issues.<\/p>\n

Unfortunately, TPCS<\/a><\/strong>‘ performance isn’t exactly pretty, either. Less than two years ago, the ticker was hovering well above $1 per share and back then, some people were saying that it’s “poised to triple<\/em>”. TPCS<\/a><\/strong> didn’t triple. It crumbled and it’s now fighting to stay above the $0.20 mark.<\/p>\n

It is moving, though, and it’s also experiencing some volumes. First, on Monday, investors pushed the ticker above the $0.10 per share mark, and yesterday, after trading more than 970 thousand shares, they helped it reach $0.19. It’s still too early to say what we’re going to see today, but we’ll probably witness an interesting session. A couple of minutes after the opening bell, TPCS<\/a><\/strong> is sitting at $0.21 or about 10% in the green.<\/p>\n

The reason for all the excitement is the 10-Q for the second calendar quarter of 2015. It came out about an hour after the end of Friday’s session and it presented us with the following figures:<\/p>\n