TSS Inc. (NASDAQ:TSSI - Get Free Report) was down 5% during mid-day trading on Wednesday . The stock traded as low as $26.75 and last traded at $27.07. Approximately 1,014,706 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 1,734,968 shares. The stock had previously closed at $28.48.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded TSS from a "buy" rating to a "hold" rating in a research note on Monday, June 23rd.
Read Our Latest Analysis on TSSI
TSS Stock Down 2.7%
The firm has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $12.18. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $756.86 million, a price-to-earnings ratio of 84.03 and a beta of 1.41.
TSS (NASDAQ:TSSI - Get Free Report) last announced its 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 during the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%.
Insider Activity
In other news, SVP Kieran Brennan sold 10,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $13.07, for a total transaction of $130,700.00. Following the completion of the sale, the senior vice president now directly owns 323,000 shares in the company, valued at $4,221,610. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.94% of the company's stock.
Hedge Funds Weigh In On TSS
Several large investors have recently modified their holdings of TSSI. Tucker Asset Management LLC bought a new position in shares of TSS during the fourth quarter worth about $34,000. Bank of America Corp DE bought a new position in shares of TSS during the fourth quarter worth about $40,000. Tower Research Capital LLC TRC bought a new position in shares of TSS during the fourth quarter worth about $42,000. State of Wyoming bought a new position in shares of TSS during the first quarter worth about $77,000. Finally, Wells Fargo & Company MN bought a new position in shares of TSS during the fourth quarter worth about $114,000.
TSS Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider TSS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TSS wasn't on the list.
While TSS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
