TESSCO Technologies (NASDAQ:TESS) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of TESSCO Technologies (NASDAQ:TESSGet Rating) in a report released on Monday. The firm set a “hold” rating on the communications equipment provider’s stock.

TESSCO Technologies Price Performance

TESS stock opened at $4.85 on Monday. The firm has a 50 day moving average of $4.45 and a 200-day moving average of $5.24. The company has a current ratio of 1.91, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. TESSCO Technologies has a 12 month low of $4.03 and a 12 month high of $8.32. The firm has a market capitalization of $44.64 million, a P/E ratio of 69.30 and a beta of 0.95.

Institutional Investors Weigh In On TESSCO Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marquette Asset Management LLC raised its stake in shares of TESSCO Technologies by 23.8% during the third 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 in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of TESSCO Technologies by 2.5% during the first 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 in the last quarter. Employees Retirement System of Texas raised its stake in shares of TESSCO Technologies by 39.8% during the first 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of TESSCO Technologies by 1.5% during the third quarter. Vanguard Group Inc. now owns 226,398 shares of the communications equipment provider’s stock worth $937,000 after acquiring an additional 3,370 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of TESSCO Technologies by 1.7% during the third quarter. BlackRock Inc. now owns 401,017 shares of the communications equipment provider’s stock worth $1,660,000 after acquiring an additional 6,524 shares in the last quarter. 53.35% of the stock is owned by hedge funds and other institutional investors.

TESSCO Technologies Company Profile

(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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