Technical Communications (NASDAQ:TCCO) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Technical Communications (NASDAQ:TCCO) from a hold rating to a buy rating in a research report sent to investors on Thursday, ValuEngine reports.

Separately, TheStreet downgraded shares of Technical Communications from a c rating to a d rating in a research note on Wednesday, July 10th.

TCCO traded up $0.01 during trading on Thursday, hitting $2.39. 622 shares of the company’s stock were exchanged, compared to its average volume of 18,897. Technical Communications has a 1 year low of $2.21 and a 1 year high of $5.95. The stock’s 50 day moving average is $3.32. The stock has a market capitalization of $4.40 million, a price-to-earnings ratio of 11.33 and a beta of 1.18.

Technical Communications (NASDAQ:TCCO) last released its quarterly earnings data on Friday, June 21st. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter. Technical Communications had a return on equity of 26.04% and a net margin of 6.28%. The business had revenue of $1.11 million for the quarter.

About Technical Communications

Technical Communications Corporation designs, develops, manufactures, distributes, markets, and sells communications security devices, systems, and services worldwide. The company primarily provides voice, data, and fax, and voice networks. Its products include government systems, such as DSD 72A-SP military bulk encryptor, CSD 3324 SE telephone/fax encryptor, and the DSP 9000 radio encryption system, as well as the HSE 6000 squad radio headset and telephone encryptor for public safety special operations land mobile radio applications and for military applications.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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