TSS (NASDAQ:TSSI) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded TSS from “Hold” to “Sell.” Other analysts are more positive: the consensus rating remains “Hold,” with a $12 average price target.
• Needham cut its price target from $13 to $9 but kept a “Buy” rating; Weiss Ratings reaffirmed “Hold.”
• TSS reported quarterly EPS of $0.04, beating the $0.03 consensus estimate, on revenue of $50.06 million. Shares opened at $6.70, within a 52-week range of $5.90 to $17.57.

TSS (NASDAQ:TSSI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research firms have also recently commented on TSSI. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TSS in a report on Monday, September 14th. Needham & Company LLC cut their price target on TSS from $13.00 to $9.00 and set a "buy" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.00.

TSS Price Performance

TSSI opened at $6.70 on Friday. TSS has a 52-week low of $5.90 and a 52-week high of $17.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.66. The company's 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $10.72. The stock has a market capitalization of $189.07 million, a P/E ratio of 14.04 and a beta of 2.06.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $50.06 million during the quarter. TSS had a net margin of 7.44% and a return on equity of 19.22%. As a group, analysts predict that TSS will post 0.24 EPS for the current year.

Hedge Funds Weigh In On TSS

A number of large investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new position in TSS in the second quarter worth $1,914,000. Bank of New York Mellon Corp bought a new position in shares of TSS in the 2nd quarter valued at about $917,000. Russell Investments Group Ltd. boosted its holdings in shares of TSS by 53.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 51,564 shares of the company's stock valued at $502,000 after purchasing an additional 18,050 shares in the last quarter. Royal Bank of Canada boosted its stake in TSS by 78.5% during the first quarter. Royal Bank of Canada now owns 25,849 shares of the company's stock worth $336,000 after acquiring an additional 11,365 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in TSS in the 2nd quarter worth about $324,000.

About TSS

TSS, Inc NASDAQ: TSSI provides data center infrastructure solutions and related services for organizations that require reliable, scalable computing environments. The company supports the planning, design, deployment, and operation of data center facilities and technology infrastructure.

Its services may include data center engineering and construction support, equipment procurement and integration, installation, infrastructure management, and ongoing maintenance. TSS serves customers with demanding information technology requirements, including enterprises, technology companies, and data center operators.

The company's activities are centered on helping customers build and maintain physical environments for servers, networking equipment, storage systems, power systems, and cooling infrastructure.

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