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

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

TSS Stock Up 17.1%

Shares of NASDAQ TSSI opened at $19.84 on Friday. The firm has a market cap of $496.40 million, a price-to-earnings ratio of 110.23 and a beta of 1.40. TSS has a 52-week low of $1.82 and a 52-week high of $20.58. The business's 50 day moving average is $9.52 and its two-hundred day moving average is $10.65.

TSS (NASDAQ:TSSI - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $98.96 million for the quarter. TSS had a return on equity of 87.89% and a net margin of 3.59%.

Insider Buying and Selling at TSS

In other TSS news, SVP Kieran Brennan sold 10,000 shares of the business'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 of the company's stock, valued at $4,221,610. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TSS

Large investors have recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in TSS in the fourth quarter valued at $34,000. Bank of America Corp DE purchased a new position in TSS in the fourth quarter valued at about $40,000. Tower Research Capital LLC TRC purchased a new position in TSS in the fourth quarter valued at about $42,000. Palisades Investment Partners LLC increased its holdings in TSS by 2.0% in the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after buying an additional 5,142 shares in the last quarter. Finally, JT Stratford LLC increased its holdings in TSS by 8.8% in the first quarter. JT Stratford LLC now owns 71,321 shares of the company's stock valued at $560,000 after buying an additional 5,776 shares in 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.

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