TESSCO Technologies, Inc. (NASDAQ:TESS) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also given TESSCO Technologies an industry rank of 88 out of 265 based on the ratings given to its competitors.

A number of research firms have recently commented on TESS. Zacks Investment Research downgraded shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised shares of TESSCO Technologies from a “c+” rating to a “b-” rating in a research note on Monday, December 11th.

TESSCO Technologies (NASDAQ TESS) traded up $4.33 during midday trading on Friday, hitting $22.15. 438,655 shares of the stock were exchanged, compared to its average volume of 24,131. TESSCO Technologies has a one year low of $12.15 and a one year high of $23.65. The firm has a market cap of $145.78, a P/E ratio of 65.15 and a beta of 1.31.

TESSCO Technologies (NASDAQ:TESS) last posted its quarterly earnings data on Monday, October 23rd. The communications equipment provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.11. TESSCO Technologies had a net margin of 0.51% and a return on equity of 3.09%. The company had revenue of $145.08 million during the quarter, compared to the consensus estimate of $141.97 million. equities analysts expect that TESSCO Technologies will post 0.48 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. increased its position in TESSCO Technologies by 7.2% during 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 in the last quarter. Dimensional Fund Advisors LP increased its position in TESSCO Technologies by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 496,166 shares of the communications equipment provider’s stock worth $6,177,000 after purchasing an additional 18,502 shares in the last quarter. Tieton Capital Management LLC increased its position in TESSCO Technologies by 15.5% during 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 in the last quarter. Vanguard Group Inc. increased its position in TESSCO Technologies by 62.6% during 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 in the last quarter. Finally, Crawford Investment Counsel Inc. increased its position in TESSCO Technologies by 1.4% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 87,101 shares of the communications equipment provider’s stock worth $1,158,000 after purchasing an additional 1,226 shares in the last quarter. 58.25% 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 the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.

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