Insider Selling: Robert B. Barnhill, Jr. Unloads 4,264 Shares of Tessco Technologies Stock (TESS)
Tessco Technologies (NASDAQ:TESS) CEO Robert B. Barnhill, Jr. sold 4,264 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $30.30, for a total value of $129,199.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, 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.
Shares of Tessco Technologies (NASDAQ:TESS) traded down 0.51% during mid-day trading on Friday, hitting $31.15. 20,984 shares of the company’s stock traded hands. Tessco Technologies has a one year low of $26.28 and a one year high of $41.99. The stock has a 50-day moving average of $30.94 and a 200-day moving average of $35.25. The company has a market cap of $259.5 million and a price-to-earnings ratio of 16.17.
Tessco Technologies (NASDAQ:TESS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.05. Analysts expect that Tessco Technologies will post $2.08 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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