TSS (NASDAQ:TSSI) Shares Down 8.1% - Here's Why

Key Points

• TSS Inc. (NASDAQ:TSSI) shares fell by 8.1% during mid-day trading, reaching a low of $20.21 and closing at $20.32, following a downgrade from "buy" to "hold" by Wall Street Zen.
• The company reported $0.06 earnings per share for its last quarter, with revenues of $43.97 million and a net margin of 3.43%.
• Institutional investments in TSS showed activity, with Geode Capital Management increasing its stake by 167.1% and several other firms purchasing new positions in the company's stock.

TSS Inc. (NASDAQ:TSSI - Get Free Report) shares fell 8.1% during mid-day trading on Friday . The company traded as low as $20.21 and last traded at $20.32. 1,721,930 shares traded hands during trading, a decline of 13% from the average session volume of 1,989,505 shares. The stock had previously closed at $22.11.

Analyst Ratings Changes

Separately, Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.

TSS Price Performance

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 stock has a market capitalization of $447.61 million, a PE ratio of 49.70 and a beta of 1.67. The business has a fifty day moving average price of $24.33 and a 200-day moving average price of $15.15.

TSS (NASDAQ:TSSI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 EPS for the quarter. TSS had a net margin of 3.43% and a return on equity of 111.91%. The firm had revenue of $43.97 million for the quarter.

Insider Transactions at TSS

In other news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total value of $67,500.00. Following the transaction, the senior vice president owned 318,000 shares in the company, valued at approximately $4,293,000. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.94% of the stock is currently owned by insiders.

Institutional Trading of TSS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in TSS by 167.1% during the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company's stock valued at $11,242,000 after buying an additional 243,910 shares during the period. Palisades Investment Partners LLC increased its holdings in TSS by 2.0% during the 1st quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after purchasing an additional 5,142 shares during the period. Value Aligned Research Advisors LLC raised its position in TSS by 34.0% during the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock valued at $1,979,000 after purchasing an additional 63,982 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in TSS by 536.7% in the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock worth $1,112,000 after buying an additional 119,432 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of TSS in the 1st quarter worth approximately $1,087,000.

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.