TSS (NASDAQ:TSSI) Rating Lowered to "Hold" at Wall Street Zen

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

TSS Trading Up 14.5%

Shares of TSSI stock traded up $3.93 on Monday, hitting $31.10. 3,361,740 shares of the stock traded hands, compared to its average volume of 2,820,454. The firm's 50-day moving average price is $13.69 and its two-hundred day moving average price is $11.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.56 and a current ratio of 0.85. The stock has a market capitalization of $778.12 million, a PE ratio of 86.39 and a beta of 1.41. TSS has a twelve month low of $2.03 and a twelve month high of $31.94.

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

Insider Activity at TSS

In related news, SVP Kieran Brennan sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total value of $67,500.00. Following the sale, the senior vice president now directly owns 318,000 shares in the company, valued at approximately $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.94% of the stock is owned by insiders.

Institutional Trading of TSS

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

About TSS

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.