TESSCO Technologies (TESS) Given Daily News Impact Rating of 0.26

News coverage about TESSCO Technologies (NASDAQ:TESS) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TESSCO Technologies earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news stories 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 next several days.

A number of analysts have recently commented on TESS shares. Zacks Investment Research lowered 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.

TESS stock traded up $0.15 during midday trading on Wednesday, hitting $22.35. 17,222 shares of the stock traded hands, compared to its average volume of 35,422. The stock has a market cap of $185.38, a price-to-earnings ratio of 58.82 and a beta of 1.29. TESSCO Technologies has a 12-month low of $12.15 and a 12-month high of $24.85.

TESSCO Technologies (NASDAQ:TESS) last posted its quarterly earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.11. TESSCO Technologies had a return on equity of 3.43% and a net margin of 0.57%. The business had revenue of $146.26 million during the quarter, compared to the consensus estimate of $144.00 million.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.58%. TESSCO Technologies’s dividend payout ratio (DPR) is 210.53%.

In related news, Director Robert B. Barnhill, Jr. sold 21,089 shares of the stock in a transaction 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Morton Zifferer sold 3,235 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.60, for a total value of $73,111.00. Following the sale, the director now owns 77,839 shares in the company, valued at approximately $1,759,161.40. The disclosure for this sale can be found here. Insiders have sold a total of 153,835 shares of company stock worth $3,325,668 over the last ninety days. Insiders own 26.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for TESSCO Technologies (NASDAQ:TESS)

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