Shares of TESSCO Technologies, Inc. (NASDAQ:TESS) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given TESSCO Technologies an industry rank of 158 out of 265 based on the ratings given to its competitors.

A number of analysts recently issued reports on the company. Zacks Investment Research cut TESSCO Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. TheStreet raised TESSCO Technologies from a “c+” rating to a “b-” rating in a research report on Monday, December 11th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in TESSCO Technologies by 62.6% during the second quarter. Vanguard Group Inc. now owns 314,667 shares of the communications equipment provider’s stock valued at $4,185,000 after purchasing an additional 121,192 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in TESSCO Technologies during the third quarter valued at $395,000. Dimensional Fund Advisors LP boosted its position in TESSCO Technologies by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 477,664 shares of the communications equipment provider’s stock valued at $6,353,000 after purchasing an additional 24,847 shares during the last quarter. Stifel Financial Corp lifted its position in shares of TESSCO Technologies by 26.5% in the second quarter. Stifel Financial Corp now owns 32,500 shares of the communications equipment provider’s stock worth $434,000 after buying an additional 6,818 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in shares of TESSCO Technologies by 7.2% in the third 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 last quarter. 58.25% of the stock is owned by hedge funds and other institutional investors.

TESSCO Technologies (TESS) traded down $0.95 on Monday, reaching $19.15. The company had a trading volume of 30,689 shares, compared to its average volume of 92,600. The firm has a market capitalization of $168.40, a PE ratio of 56.32 and a beta of 1.31. TESSCO Technologies has a 52-week low of $12.15 and a 52-week high of $23.65.

TESSCO Technologies (NASDAQ:TESS) last released its quarterly earnings data on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. The firm had revenue of $145.08 million during the quarter, compared to analysts’ expectations of $141.97 million. TESSCO Technologies had a return on equity of 3.09% and a net margin of 0.51%. equities analysts anticipate that TESSCO Technologies will post 0.48 earnings per share for the current year.

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About TESSCO Technologies

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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