TESSCO Technologies, Inc. (NASDAQ:TESS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned TESSCO Technologies an industry rank of 105 out of 255 based on the ratings given to its competitors.
A number of analysts recently commented on the company. TheStreet downgraded TESSCO Technologies from a “b-” rating to a “c” rating in a research report on Tuesday, July 23rd. Zacks Investment Research raised TESSCO Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, ValuEngine downgraded TESSCO Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.
A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in TESSCO Technologies by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 615,648 shares of the communications equipment provider’s stock worth $7,388,000 after buying an additional 2,576 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of TESSCO Technologies by 192.0% in the second quarter. BlackRock Inc. now owns 577,786 shares of the communications equipment provider’s stock worth $10,320,000 after acquiring an additional 379,936 shares during the period. Capital Management Corp VA bought a new position in shares of TESSCO Technologies in the second quarter worth $9,333,000. Tieton Capital Management LLC boosted its holdings in shares of TESSCO Technologies by 1.1% in the second quarter. Tieton Capital Management LLC now owns 334,039 shares of the communications equipment provider’s stock worth $5,966,000 after acquiring an additional 3,610 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of TESSCO Technologies by 12.1% in the second quarter. Vanguard Group Inc. now owns 277,262 shares of the communications equipment provider’s stock worth $4,952,000 after acquiring an additional 29,959 shares during the period. 61.91% of the stock is owned by institutional investors and hedge funds.
Shares of TESS traded up $0.32 on Tuesday, reaching $14.98. 38,158 shares of the company’s stock traded hands, compared to its average volume of 48,871. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $123.81 million, a PE ratio of 23.05 and a beta of 1.22. The stock’s 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $16.71. TESSCO Technologies has a 52-week low of $10.20 and a 52-week high of $20.00.
TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.21). The business had revenue of $130.73 million for the quarter, compared to analysts’ expectations of $152.00 million. TESSCO Technologies had a net margin of 0.32% and a return on equity of 2.21%. Analysts forecast that TESSCO Technologies will post 0.29 earnings per share for the current year.
About TESSCO Technologies
TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as program management, connector installation, custom jumper assembly, site kitting, and logistics integration services.
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