TESSCO Technologies (TESS) Boosted by ValuEngine to Hold

TESSCO Technologies (TESS) Boosted  by ValuEngine to Hold

ValuEngine upgraded shares of TESSCO Technologies (NASDAQ:TESS) from a sell rating to a hold rating in a research report report published on Sunday morning.

Separately, William Blair reaffirmed a buy rating on shares of TESSCO Technologies in a report on Tuesday, November 20th.

TESSCO Technologies stock opened at $14.00 on Friday. TESSCO Technologies has a 52 week low of $10.20 and a 52 week high of $24.85. The stock has a market cap of $102.71 million, a P/E ratio of 25.45 and a beta of 1.17.

TESSCO Technologies (NASDAQ:TESS) last released its earnings results on Thursday, October 25th. The communications equipment provider reported $0.14 EPS for the quarter. TESSCO Technologies had a return on equity of 4.20% and a net margin of 0.75%. The firm had revenue of $158.64 million during the quarter. Analysts expect that TESSCO Technologies will post 0.62 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in TESSCO Technologies by 2.0% in the third quarter. Vanguard Group Inc. now owns 233,002 shares of the communications equipment provider’s stock valued at $3,553,000 after acquiring an additional 4,600 shares during the period. Vanguard Group Inc lifted its holdings in TESSCO Technologies by 2.0% in the third quarter. Vanguard Group Inc now owns 233,002 shares of the communications equipment provider’s stock valued at $3,553,000 after acquiring an additional 4,600 shares during the period. Tower Research Capital LLC TRC lifted its holdings in TESSCO Technologies by 732.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,849 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 5,146 shares during the period. Raymond James & Associates lifted its holdings in TESSCO Technologies by 18.8% in the second quarter. Raymond James & Associates now owns 40,833 shares of the communications equipment provider’s stock valued at $706,000 after acquiring an additional 6,456 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in TESSCO Technologies by 1.5% in the third quarter. Renaissance Technologies LLC now owns 452,400 shares of the communications equipment provider’s stock valued at $6,899,000 after acquiring an additional 6,900 shares during the period. 64.66% of the stock is owned by institutional investors.

TESSCO Technologies Company Profile

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.

Read More: What is Liquidity?

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

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TESSCO Technologies (TESS) Boosted by ValuEngine to “Hold”

TESSCO Technologies (TESS) Boosted  by ValuEngine to “Hold”

TESSCO Technologies (NASDAQ:TESS) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Separately, William Blair reissued a “buy” rating on shares of TESSCO Technologies in a report on Tuesday, November 20th.

TESSCO Technologies stock opened at $14.00 on Friday. TESSCO Technologies has a fifty-two week low of $10.20 and a fifty-two week high of $24.85. The stock has a market capitalization of $102.71 million, a PE ratio of 25.45 and a beta of 1.17.

TESSCO Technologies (NASDAQ:TESS) last posted its earnings results on Thursday, October 25th. The communications equipment provider reported $0.14 earnings per share for the quarter. TESSCO Technologies had a return on equity of 4.20% and a net margin of 0.75%. The business had revenue of $158.64 million during the quarter. As a group, analysts anticipate that TESSCO Technologies will post 0.62 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of TESSCO Technologies by 732.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,849 shares of the communications equipment provider’s stock valued at $102,000 after purchasing an additional 5,146 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of TESSCO Technologies by 18.8% in the 2nd quarter. Raymond James & Associates now owns 40,833 shares of the communications equipment provider’s stock valued at $706,000 after purchasing an additional 6,456 shares during the last quarter. Putnam Investments LLC purchased a new stake in shares of TESSCO Technologies in the 2nd quarter valued at about $1,730,000. Crawford Investment Counsel Inc. raised its stake in TESSCO Technologies by 7.4% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 217,469 shares of the communications equipment provider’s stock valued at $3,316,000 after acquiring an additional 15,014 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in TESSCO Technologies by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 233,002 shares of the communications equipment provider’s stock valued at $3,553,000 after acquiring an additional 4,600 shares during the last quarter. 64.66% of the stock is owned by institutional investors and hedge funds.

TESSCO Technologies Company Profile

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.

See Also: Net Asset Value

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

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