TSS (NASDAQ:TSSI) Shares Down 5% - Here's What Happened

TSS Inc. (NASDAQ:TSSI - Get Free Report) traded down 5% on Wednesday . The company traded as low as $26.75 and last traded at $27.07. 1,014,706 shares traded hands during trading, a decline of 42% from the average session volume of 1,734,968 shares. The stock had previously closed at $28.48.

Analyst Ratings Changes

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

TSS Stock Down 4.4%

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 business has a 50-day simple moving average of $13.28 and a 200-day simple moving average of $11.78. The company has a market cap of $681.04 million, a PE ratio of 75.61 and a beta of 1.41.

TSS (NASDAQ:TSSI - Get Free Report) last issued 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 during the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%.

Insider Buying and Selling

In related news, SVP Kieran Brennan sold 10,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $13.07, for a total value of $130,700.00. Following the completion of the transaction, the senior vice president now directly owns 323,000 shares of the company's stock, valued at approximately $4,221,610. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TSS

Institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new stake in shares of TSS in the fourth quarter valued at approximately $850,000. New York State Common Retirement Fund acquired a new stake in TSS during the fourth quarter worth about $1,112,000. Wealthspire Advisors LLC purchased a new position in TSS during the fourth quarter worth about $120,000. Victory Capital Management Inc. purchased a new position in TSS during the fourth quarter worth about $123,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in TSS in the 4th quarter valued at about $1,272,000.

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.

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