TSS (NASDAQ:TSSI) Sets New 52-Week High - Still a Buy?

Shares of TSS, Inc. (NASDAQ:TSSI - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $21.90 and last traded at $21.60, with a volume of 2778019 shares trading hands. The stock had previously closed at $18.39.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of TSS from a "hold" rating to a "buy" rating in a research note on Sunday.

TSS Price Performance

The stock has a market cap of $540.43 million, a price-to-earnings ratio of 120.01 and a beta of 1.41. The stock's 50-day moving average is $11.16 and its 200-day moving average is $11.17.

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

Insiders Place Their Bets

In other TSS news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the transaction, the senior vice president now owns 318,000 shares of the company's stock, valued at $4,293,000. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.94% of the stock is owned by corporate insiders.

Institutional Trading of TSS

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