News articles about TESSCO Technologies (NASDAQ:TESS) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TESSCO Technologies earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 44.7820744721227 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities research analysts have commented on the company. TheStreet upgraded TESSCO Technologies from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. Zacks Investment Research raised TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday, January 27th.
Shares of TESSCO Technologies (TESS) traded up $0.22 during trading hours on Wednesday, hitting $22.12. The stock had a trading volume of 7,266 shares, compared to its average volume of 37,446. The firm has a market cap of $181.18, a P/E ratio of 58.21 and a beta of 1.29. TESSCO Technologies has a 12 month low of $12.15 and a 12 month high of $24.85.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Tuesday, February 13th. TESSCO Technologies’s dividend payout ratio is 210.53%.
In related news, Director Robert B. Barnhill, Jr. sold 21,089 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $21.76, for a total transaction of $458,896.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Morton Zifferer sold 3,235 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $22.60, for a total value of $73,111.00. Following the transaction, the director now directly owns 77,839 shares in the company, valued at $1,759,161.40. The disclosure for this sale can be found here. Insiders sold a total of 143,457 shares of company stock worth $3,105,239 over the last three months. 26.90% of the stock is owned by company insiders.
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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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