TSS (NASDAQ:TSSI) Sets New 1-Year High - What's Next?

TSS Inc. (NASDAQ:TSSI - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $27.17 and last traded at $26.90, with a volume of 3120925 shares traded. The stock had previously closed at $25.61.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of TSS from a "buy" rating to a "hold" rating in a research report on Monday.

TSS Trading Up 5.3%

The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87. The firm has a market cap of $674.54 million, a PE ratio of 74.89 and a beta of 1.40. The company's 50-day moving average is $12.47 and its 200 day moving average is $11.54.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The company 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 other news, SVP Kieran Brennan sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the sale, the senior vice president now owns 318,000 shares in the company, valued at approximately $4,293,000. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 18.94% of the company's stock.

Institutional Investors Weigh In On TSS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC acquired a new position in shares of TSS in the 4th quarter worth approximately $34,000. Bank of America Corp DE bought a new position in TSS in the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC bought a new position in TSS in the 4th quarter valued at $42,000. State of Wyoming bought a new position in TSS in the 1st quarter valued at $77,000. Finally, Wells Fargo & Company MN bought a new stake in shares of TSS during the 4th quarter worth $114,000.

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.

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