TSS Target of Unusually High Options Trading (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSI - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 10,416 call options on the stock. This is an increase of approximately 213% compared to the typical volume of 3,323 call options.

TSS Price Performance

Shares of TSSI stock traded down $0.85 during trading hours on Friday, hitting $30.25. 5,068,522 shares of the company's stock were exchanged, compared to its average volume of 2,896,292. TSS has a fifty-two week low of $2.11 and a fifty-two week high of $31.94. The firm has a market cap of $756.86 million, a P/E ratio of 84.03 and a beta of 1.41. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $14.62 and a two-hundred day moving average of $12.18.

TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The company had revenue of $98.96 million during the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of TSS from a "buy" rating to a "hold" rating in a research note on Monday.

Insider Buying and Selling

In other TSS news, SVP Kieran Brennan sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $13.07, for a total value of $130,700.00. Following the sale, the senior vice president now owns 323,000 shares in the company, valued at approximately $4,221,610. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 18.94% of the stock is currently owned by corporate insiders.

Institutional Trading of TSS

Institutional investors and hedge funds have recently modified their holdings of the stock. Palisades Investment Partners LLC purchased a new position in TSS in the 4th quarter valued at about $2,997,000. Value Aligned Research Advisors LLC acquired a new position in shares of TSS during the fourth quarter valued at approximately $2,231,000. Pacer Advisors Inc. purchased a new position in shares of TSS in the first quarter valued at approximately $1,087,000. Geode Capital Management LLC acquired a new stake in shares of TSS in the fourth quarter worth approximately $1,539,000. Finally, NewEdge Advisors LLC boosted its stake in shares of TSS by 536.7% in the first quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock worth $1,112,000 after acquiring an additional 119,432 shares during the last quarter.

TSS Company Profile

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments.