TESSCO Technologies Incorporated manufactures and distributes technology products and solutions for wireless infrastructure market in the United States and internationally. It operates through two segments, Carrier and Commercial. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems. It also provides network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products. In addition, the company offers installation, test, and maintenance products comprising analysis equipment; and various frequency, voltage, and power-measuring devices, as well as tools, hardware, GPS and safety products, and replacement and component parts and supplies to install, tune, and maintain wireless communications equipment. The company sells its products to carrier and public network operators, tower owners, program managers, contractors and integrators, private system operators, federal governments, state and local governments, manufacturers, national solutions providers, and value-added resellers under the Ventev brand. TESSCO Technologies Incorporated was founded in 1982 and is headquartered in Hunt Valley, Maryland.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on TESSCO Technologies in a research report on Tuesday. They set a "hold" rating for the company.
TESSCO Technologies Stock Down 2.2 %
TESSCO Technologies stock traded down $0.12 during midday trading on Friday, reaching $5.30. 26,948 shares of the company were exchanged, compared to its average volume of 12,566. The firm's 50-day simple moving average is $5.76 and its 200-day simple moving average is $5.89. TESSCO Technologies has a 1 year low of $5.08 and a 1 year high of $8.32. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63.
TESSCO Technologies (NASDAQ:TESS - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The communications equipment provider reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.07. The firm had revenue of $112.16 million during the quarter, compared to analysts' expectations of $107.60 million. TESSCO Technologies had a negative return on equity of 2.13% and a negative net margin of 0.30%. On average, research analysts forecast that TESSCO Technologies will post -0.4 EPS for the current year.