TESSCO Technologies (NASDAQ:TESS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of TESSCO Technologies (NASDAQ:TESSGet Rating) in a research report released on Monday. The firm issued a hold rating on the communications equipment provider’s stock.

TESSCO Technologies Price Performance

NASDAQ:TESS opened at $4.85 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.91. The company has a market cap of $44.67 million, a PE ratio of 69.30 and a beta of 0.95. TESSCO Technologies has a 52-week low of $4.03 and a 52-week high of $8.32. The stock has a 50-day simple moving average of $4.48 and a 200 day simple moving average of $5.21.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Tieton Capital Management LLC grew its stake in TESSCO Technologies by 30.9% in the second quarter. Tieton Capital Management LLC now owns 496,884 shares of the communications equipment provider’s stock valued at $2,937,000 after purchasing an additional 117,320 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in TESSCO Technologies by 2.5% in the first quarter. Essex Investment Management Co. LLC now owns 93,356 shares of the communications equipment provider’s stock valued at $564,000 after purchasing an additional 2,261 shares in the last quarter. BlackRock Inc. grew its stake in TESSCO Technologies by 0.7% in the first quarter. BlackRock Inc. now owns 392,739 shares of the communications equipment provider’s stock valued at $2,373,000 after purchasing an additional 2,636 shares in the last quarter. Vanguard Group Inc. grew its stake in TESSCO Technologies by 1.5% in the third quarter. Vanguard Group Inc. now owns 226,398 shares of the communications equipment provider’s stock valued at $937,000 after purchasing an additional 3,370 shares in the last quarter. Finally, Employees Retirement System of Texas grew its stake in TESSCO Technologies by 39.8% in the first quarter. Employees Retirement System of Texas now owns 119,341 shares of the communications equipment provider’s stock valued at $721,000 after purchasing an additional 34,000 shares in the last quarter. 53.35% of the stock is currently owned by institutional investors.

About TESSCO Technologies

(Get Rating)

TESSCO Technologies Incorporated manufactures and distributes technology products and solutions for wireless infrastructure market in the United States and internationally. It operates through two segments, Carrier and Commercial. 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 products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems.

Recommended Stories

Receive News & Ratings for TESSCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TESSCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.