TSS (NASDAQ:TSSI) Reaches New 52-Week High - Time to Buy?

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

Wall Street Analyst Weigh In

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

TSS Trading Up 4.9%

The business has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $10.69. The stock has a market capitalization of $520.67 million, a price-to-earnings ratio of 115.62 and a beta of 1.41.

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

Insider Activity

In other news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total value of $67,500.00. Following the transaction, the senior vice president now directly owns 318,000 shares of the company's stock, valued at $4,293,000. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 18.94% of the company's stock.

Institutional Trading of TSS

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in TSS by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company's stock worth $475,000 after purchasing an additional 17,310 shares during the period. NewEdge Advisors LLC lifted its holdings in TSS by 536.7% in the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock worth $1,112,000 after buying an additional 119,432 shares in the last quarter. Value Aligned Research Advisors LLC raised its position in shares of TSS by 34.0% in the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock valued at $1,979,000 after purchasing an additional 63,982 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of TSS in the 1st quarter valued at about $143,000. Finally, State of Wyoming acquired a new stake in shares of TSS in the 1st quarter valued at about $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.