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

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

TESSCO Technologies Stock Performance

Shares of TESS opened at $4.85 on Monday. The firm has a market cap of $44.67 million, a price-to-earnings 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 company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.91. The business’s fifty day moving average is $4.48 and its 200-day moving average is $5.21.

Institutional Investors Weigh In On TESSCO Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TESS. Essex Investment Management Co. LLC grew its position in TESSCO Technologies by 2.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 93,356 shares of the communications equipment provider’s stock worth $564,000 after acquiring an additional 2,261 shares during the last quarter. BlackRock Inc. grew its position in TESSCO Technologies by 0.7% during the 1st quarter. BlackRock Inc. now owns 392,739 shares of the communications equipment provider’s stock worth $2,373,000 after acquiring an additional 2,636 shares during the last quarter. Employees Retirement System of Texas grew its position in TESSCO Technologies by 39.8% during the 1st quarter. Employees Retirement System of Texas now owns 119,341 shares of the communications equipment provider’s stock worth $721,000 after acquiring an additional 34,000 shares during the last quarter. Tieton Capital Management LLC grew its position in TESSCO Technologies by 30.9% during the 2nd quarter. Tieton Capital Management LLC now owns 496,884 shares of the communications equipment provider’s stock worth $2,937,000 after acquiring an additional 117,320 shares during the last quarter. Finally, Marquette Asset Management LLC grew its position in TESSCO Technologies by 23.8% during the 3rd quarter. Marquette Asset Management LLC now owns 40,675 shares of the communications equipment provider’s stock worth $168,000 after acquiring an additional 7,814 shares during the last quarter. Institutional investors own 53.35% of the company’s stock.

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.

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