TESSCO Technologies Incorporated (NASDAQ:TESS) Director Robert B. Barnhill, Jr. sold 10,378 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $21.24, for a total transaction of $220,428.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TESSCO Technologies stock traded down $0.65 on Friday, hitting $21.10. 17,052 shares of the stock traded hands, compared to its average volume of 22,552. The firm has a market capitalization of $176.99, a P/E ratio of 91.74 and a beta of 1.28. TESSCO Technologies Incorporated has a 1 year low of $12.15 and a 1 year high of $24.85.
TESSCO Technologies (NASDAQ:TESS) last posted its quarterly earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.11. The firm had revenue of $146.26 million during the quarter, compared to analyst estimates of $144.00 million. TESSCO Technologies had a return on equity of 3.43% and a net margin of 0.57%.
Several research firms recently weighed in on TESS. Zacks Investment Research upgraded shares of TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Saturday, January 27th. TheStreet upgraded shares of TESSCO Technologies from a “c+” rating to a “b-” rating in a report on Monday, December 11th.
Several institutional investors and hedge funds have recently bought and sold shares of TESS. Vanguard Group Inc. raised its position in shares of TESSCO Technologies by 62.6% in the 2nd quarter. Vanguard Group Inc. now owns 314,667 shares of the communications equipment provider’s stock worth $4,185,000 after purchasing an additional 121,192 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of TESSCO Technologies in the 4th quarter worth about $1,261,000. Deprince Race & Zollo Inc. raised its position in shares of TESSCO Technologies by 7.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 792,932 shares of the communications equipment provider’s stock worth $9,872,000 after purchasing an additional 53,216 shares during the last quarter. Tieton Capital Management LLC raised its position in shares of TESSCO Technologies by 15.5% in the 3rd quarter. Tieton Capital Management LLC now owns 318,499 shares of the communications equipment provider’s stock worth $3,965,000 after purchasing an additional 42,644 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of TESSCO Technologies in the 3rd quarter worth about $395,000. 57.52% of the stock is owned by hedge funds and other institutional investors.
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TESSCO Technologies Company Profile
TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. It 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; and connector installation, custom jumper assembly, site kitting, and logistics integration services.
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