Tessco Technologies CEO Robert B. Barnhill, Jr. Unloads 5,770 Shares (TESS)
Tessco Technologies (NASDAQ:TESS) CEO Robert B. Barnhill, Jr. sold 5,770 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $30.66, for a total value of $176,908.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Tessco Technologies (NASDAQ:TESS) traded down 0.30% on Monday, hitting $30.27. The stock had a trading volume of 5,255 shares. Tessco Technologies has a 52 week low of $23.08 and a 52 week high of $41.99. The stock’s 50-day moving average is $31.4 and its 200-day moving average is $35.74. The company has a market cap of $252.1 million and a P/E ratio of 15.68.
Tessco Technologies (NASDAQ:TESS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.05. On average, analysts predict that Tessco Technologies will post $2.08 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Tessco Technologies from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 8th. They now have a $29.90 price target on the stock.
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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