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

TSS Inc. (NASDAQ:TSSI - Get Free Report) shares hit a new 52-week high on Tuesday . The company 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of TSS from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th.

TSS Price Performance

The business's fifty day moving average price is $12.10 and its 200-day moving average price is $11.41. The company has a market capitalization of $640.76 million, a P/E ratio of 71.14 and a beta of 1.41. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87.

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

Insider Activity at TSS

In other TSS news, SVP Kieran Brennan sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TSS

Hedge funds have recently made changes to their positions in the business. Tucker Asset Management LLC bought a new position in shares of TSS during the 4th quarter valued at $34,000. Bank of America Corp DE purchased a new stake in TSS during the fourth quarter valued at about $40,000. Tower Research Capital LLC TRC bought a new position in shares of TSS during the fourth quarter valued at about $42,000. State of Wyoming purchased a new position in shares of TSS in the first quarter worth about $77,000. Finally, Wells Fargo & Company MN bought a new stake in shares of TSS in the 4th quarter valued at about $114,000.

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.