TSS (NASDAQ:TSSI) Rating Increased to Buy at Wall Street Zen

TSS (NASDAQ:TSSI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

TSS Stock Down 10.1%

Shares of NASDAQ:TSSI opened at $18.39 on Friday. The stock's fifty day simple moving average is $10.86 and its 200-day simple moving average is $11.08. TSS has a 52-week low of $1.85 and a 52-week high of $21.53. The company has a market capitalization of $460.12 million, a P/E ratio of 102.17 and a beta of 1.41.

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 firm had revenue of $98.96 million during the quarter. TSS had a return on equity of 87.89% and a net margin of 3.59%.

Insider Buying and Selling

In related news, SVP Kieran Brennan sold 10,000 shares of TSS stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $13.07, for a total transaction of $130,700.00. Following the completion of the sale, the senior vice president now owns 323,000 shares of the company's stock, valued at approximately $4,221,610. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.94% of the company's stock.

Hedge Funds Weigh In On TSS

A number of institutional investors have recently made changes to their positions in the business. Tucker Asset Management LLC bought a new stake in shares of TSS in the 4th quarter valued at approximately $34,000. Bank of America Corp DE acquired a new stake in shares of TSS during the fourth quarter worth about $40,000. Tower Research Capital LLC TRC bought a new position in shares of TSS during the fourth quarter worth about $42,000. State of Wyoming bought a new position in shares of TSS during the first quarter worth about $77,000. Finally, Wells Fargo & Company MN bought a new position in TSS in the fourth quarter valued at approximately $114,000.

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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