TESSCO Technologies (NASDAQ:TESS) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Monday.
Separately, Zacks Investment Research downgraded shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th.
Shares of TESSCO Technologies (NASDAQ TESS) traded down $0.40 during mid-day trading on Monday, hitting $16.60. 14,521 shares of the stock were exchanged, compared to its average volume of 22,274. TESSCO Technologies has a 12-month low of $11.88 and a 12-month high of $18.00. The company has a market cap of $139.08, a P/E ratio of 45.38 and a beta of 1.31.
A number of institutional investors have recently modified their holdings of the stock. Moors & Cabot Inc. boosted its holdings in TESSCO Technologies by 9.0% in the 3rd quarter. Moors & Cabot Inc. now owns 80,678 shares of the communications equipment provider’s stock worth $1,001,000 after buying an additional 6,646 shares during the period. Dimensional Fund Advisors LP boosted its holdings in TESSCO Technologies by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,166 shares of the communications equipment provider’s stock worth $6,177,000 after buying an additional 18,502 shares during the period. Tieton Capital Management LLC boosted its holdings in TESSCO Technologies by 15.5% in the 3rd quarter. Tieton Capital Management LLC now owns 318,499 shares of the communications equipment provider’s stock worth $3,965,000 after buying an additional 42,644 shares during the period. Macquarie Group Ltd. bought a new position in TESSCO Technologies in the 3rd quarter worth $395,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in TESSCO Technologies by 7.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 792,932 shares of the communications equipment provider’s stock worth $9,872,000 after buying an additional 53,216 shares during the period. 58.25% of the stock is owned by institutional investors.
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TESSCO Technologies Company Profile
TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.
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