TSS (NASDAQ:TSSI) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded TSS from “sell” to “hold,” while the broader analyst consensus remains “Hold,” with one Buy and two Hold ratings and a $14.00 average price target.
• TSS shares opened at $7.07, down 4.8%, and remain well below their 50-day and 200-day moving averages. The stock has traded between $6.87 and $21.77 over the past year.
• The company reported quarterly earnings of $0.05 per share, missing estimates of $0.08, on revenue of $35.14 million; analysts expect full-year earnings of $0.24 per share.

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

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TSS in a research note on Monday, September 14th. Needham & Company LLC cut their price objective on shares of TSS from $16.00 to $13.00 and set a "buy" rating for the company in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.00.

TSS Stock Down 4.8%

Shares of TSSI opened at $7.07 on Friday. The firm has a market cap of $199.52 million, a P/E ratio of 15.48 and a beta of 1.98. The stock's 50 day moving average is $9.15 and its two-hundred day moving average is $11.34. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. TSS has a 12 month low of $6.87 and a 12 month high of $21.77.

TSS (NASDAQ:TSSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). TSS had a return on equity of 19.22% and a net margin of 7.44%. The company had revenue of $35.14 million for the quarter. Analysts predict that TSS will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of TSS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in TSS during the second quarter worth $1,914,000. Bank of New York Mellon Corp purchased a new stake in TSS in the second quarter valued at $917,000. Hsbc Holdings PLC purchased a new stake in TSS in the second quarter valued at $324,000. Bank of America Corp DE lifted its position in TSS by 21.2% in the first quarter. Bank of America Corp DE now owns 23,034 shares of the company's stock valued at $300,000 after buying an additional 4,026 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of TSS during the 2nd quarter worth approximately $26,000.

TSS Company Profile

TSS, Inc NASDAQ: TSSI is a provider of data center infrastructure and technical services. The company helps customers design, build, deploy and maintain complex data center environments, with capabilities spanning engineering, project management, equipment procurement, systems integration and installation.

TSS supports infrastructure used for high-performance computing, artificial intelligence, cloud computing, enterprise applications and other data-intensive workloads. Its services may include the integration of servers, storage, networking equipment, power systems, cooling systems and related technology within data center facilities.

The company serves organizations that require customized and scalable computing environments, including data center operators, technology companies, enterprises and other institutional customers.

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