TESSCO Technologies (NASDAQ:TESS) Earns Hold Rating from Analysts at StockNews.com

Posted by Defense World Staff on Apr 6th, 2023

Equities research analysts at StockNews.com began coverage on shares of TESSCO Technologies (NASDAQ:TESS – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

TESSCO Technologies Trading Up 0.4 %

TESS stock opened at $4.67 on Thursday. The business has a fifty day moving average price of $4.73 and a 200 day moving average price of $4.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.07 and a quick ratio of 1.16. TESSCO Technologies has a fifty-two week low of $4.03 and a fifty-two week high of $6.50. The stock has a market capitalization of $43.10 million, a price-to-earnings ratio of -116.72 and a beta of 0.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TESS. BlackRock Inc. raised its stake in shares of TESSCO Technologies by 0.7% in the first quarter. BlackRock Inc. now owns 392,739 shares of the communications equipment provider’s stock worth $2,373,000 after acquiring an additional 2,636 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TESSCO Technologies by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 402,777 shares of the communications equipment provider’s stock worth $1,941,000 after purchasing an additional 3,152 shares during the last quarter. Vanguard Group Inc. lifted its holdings in TESSCO Technologies by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 226,398 shares of the communications equipment provider’s stock worth $937,000 after buying an additional 3,370 shares in the last quarter. Marquette Asset Management LLC boosted its position in TESSCO Technologies by 23.8% in the 3rd quarter. Marquette Asset Management LLC now owns 40,675 shares of the communications equipment provider’s stock valued at $168,000 after buying an additional 7,814 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new stake in shares of TESSCO Technologies in the 4th quarter valued at $49,000. 28.55% of the stock is owned by institutional investors.