Tessco Technologies Inc. (TESS) Drops 10.76% on January 26

Equities Staff |

Tessco Technologies Inc. (TESS) was one of the Russell 2000's biggest losers for Tuesday January 26 as the stock slid 10.76% to $17.67, a loss of $-2.13 per share. Starting at an opening price of $18.05 a share, the stock traded between $17.67 and $18.77 over the course of the trading day. Volume was 25,662 shares over 225 trades, against an average daily volume of 17,236 shares and a total float of 8.27 million.

The losses send Tessco Technologies Inc. down to a market cap of $146.19 million. In the last year, Tessco Technologies Inc. has traded between $27.56 and $17.75, and its 50-day SMA is currently $20.11 and 200-day SMA is $21.31.

The stock has a P/E Ratio of 27.9.

Tessco Technologies Inc delivers products and solutions to support wireless systems. It offers products in four categories base station infrastructure; network systems; installation, test and maintenance and mobile devices and accessories.

Tessco Technologies Inc. is based out of Hunt Valley, MD and has some 786 employees. Its CEO is Robert B. Barnhill.

For a complete fundamental analysis analysis of Tessco Technologies Inc., check out Equities.com’s Stock Valuation Analysis report for TESS. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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