Insider Selling: Tessco Technologies VP Unloads 7,000 Shares of Stock (TESS)
Tessco Technologies (NASDAQ:TESS) VP Gerald Garland sold 7,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $32.11, for a total value of $224,770.00. Following the completion of the sale, the vice president now directly owns 17,774 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TESS shares. Analysts at Zacks upgraded shares of Tessco Technologies (NASDAQ:TESS) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $32.00 price target on the stock.
Tessco Technologies (NASDAQ:TESS) opened at 32.13 on Monday. Tessco Technologies has a 52 week low of $18.53 and a 52 week high of $33.40. The stock’s 50-day moving average is $31.77 and its 200-day moving average is $25.51. The company has a market cap of $264.2 million and a P/E ratio of 14.92.
Tessco Technologies (NASDAQ:TESS) last released its earnings data on Wednesday, July 24th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.13. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $134.24 million. On average, analysts predict that Tessco Technologies will post $2.09 earnings per share for the current fiscal year.
TESSCO Technologies Incorporated (NASDAQ:TESS) architects and delivers the product and value chain solutions to organizations responsible for building, operating and maintaining wireless broadband systems.
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