TSS (NASDAQ:TSSI) Reaches New 52-Week High - What's Next?

TSS, Inc. (NASDAQ:TSSI - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $20.32 and last traded at $20.19, with a volume of 2970095 shares changing hands. The stock had previously closed at $16.94.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded TSS from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

TSS Stock Performance

The firm has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $10.57. The company has a market cap of $510.16 million, a PE ratio of 113.28 and a beta of 1.40.

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

Insider Activity at TSS

In other news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total value of $67,500.00. Following the completion of the sale, the senior vice president now owns 318,000 shares of the company's stock, valued at $4,293,000. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TSS

Several hedge funds and other institutional investors have recently made changes to their positions in TSSI. Goldman Sachs Group Inc. increased its holdings in TSS by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company's stock valued at $475,000 after purchasing an additional 17,310 shares in the last quarter. NewEdge Advisors LLC grew 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 valued at $1,112,000 after buying an additional 119,432 shares in the last quarter. Value Aligned Research Advisors LLC grew its stake in shares of TSS by 34.0% in the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock valued at $1,979,000 after buying an additional 63,982 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of TSS during the 1st quarter valued at about $143,000. Finally, State of Wyoming acquired a new position in TSS during the 1st quarter worth approximately $77,000.

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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