Tessco Technologies Director Sells $258,306 in Stock (TESS)
Tessco Technologies (NASDAQ:TESS) Director John D. Beletic sold 7,046 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $36.66, for a total value of $258,306.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Tessco Technologies from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 29th. They now have a $31.40 price target on the stock.
Shares of Tessco Technologies (NASDAQ:TESS) traded up 0.82% on Monday, hitting $37.05. The stock had a trading volume of 20,448 shares. Tessco Technologies has a one year low of $18.60 and a one year high of $41.99. The stock has a 50-day moving average of $36.70 and a 200-day moving average of $35.85. The company has a market cap of $305.0 million and a price-to-earnings ratio of 18.89.
Tessco Technologies (NASDAQ:TESS) last released its earnings data on Thursday, January 23rd. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.09. The company had revenue of $144.90 million for the quarter, compared to the consensus estimate of $154.95 million. Analysts expect that Tessco Technologies will post $1.98 EPS 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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