TESSCO Technologies, Inc. (NASDAQ:TESS) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also given TESSCO Technologies an industry rank of 86 out of 256 based on the ratings given to related companies.
TESS has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
Shares of NASDAQ TESS traded down $0.21 during trading hours on Friday, hitting $18.44. 84,143 shares of the stock were exchanged, compared to its average volume of 99,262. The firm has a market capitalization of $158.77 million, a P/E ratio of 28.69 and a beta of 1.30. The firm’s fifty day simple moving average is $18.20. TESSCO Technologies has a 12 month low of $10.20 and a 12 month high of $20.00.
TESSCO Technologies (NASDAQ:TESS) last posted its quarterly earnings data on Monday, May 6th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.10). The firm had revenue of $144.96 million for the quarter, compared to the consensus estimate of $147.88 million. TESSCO Technologies had a return on equity of 5.11% and a net margin of 0.91%. On average, research analysts predict that TESSCO Technologies will post 0.67 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new stake in shares of TESSCO Technologies in the 1st quarter valued at $244,000. Bailard Inc. purchased a new stake in shares of TESSCO Technologies in the 1st quarter valued at $170,000. BlackRock Inc. boosted its holdings in shares of TESSCO Technologies by 5.1% in the 4th quarter. BlackRock Inc. now owns 205,597 shares of the communications equipment provider’s stock valued at $2,467,000 after acquiring an additional 9,891 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of TESSCO Technologies by 100.1% in the 1st quarter. Moors & Cabot Inc. now owns 154,626 shares of the communications equipment provider’s stock valued at $2,382,000 after acquiring an additional 77,337 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of TESSCO Technologies by 12.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,432 shares of the communications equipment provider’s stock valued at $100,000 after acquiring an additional 728 shares during the last quarter. 58.69% of the stock is currently owned by institutional investors.
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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