Shares of Tessco Technologies (Nasdaq:TESS) were gapping up Wednesday morning with an open price 20.5% higher than Tuesday's closing price. The stock closed at $12.07 yesterday and opened today's trading at $14.55.
NEW YORK ( TheStreet) -- Shares of Tessco Technologies (Nasdaq: TESS) were gapping up Wednesday morning with an open price 20.5% higher than Tuesday's closing price. The stock closed at $12.07 Tuesday and opened today's trading at $14.55. The average volume for Tessco has been 54,900 shares per day over the past 30 days. Tessco has a market cap of $90.5 million and is part of the services sector and wholesale industry. Shares are down 24.3% year to date as of the close of trading on Tuesday. TESSCO Technologies Incorporated provides integrated product and supply chain solutions to support the construction, operation, and use of mobility and data wireless systems. The company has a P/E ratio of 9.2, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tessco as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tessco Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
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