TSS (NASDAQ:TSSI) Shares Down 8.4% - What's Next?

TSS Inc. (NASDAQ:TSSI - Get Free Report)'s share price traded down 8.4% on Tuesday . The stock traded as low as $26.40 and last traded at $26.41. 1,186,857 shares were traded during trading, a decline of 34% from the average session volume of 1,795,104 shares. The stock had previously closed at $28.83.

Analyst Ratings Changes

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

TSS Trading Down 7.2%

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 firm's 50-day moving average price is $15.06 and its 200 day moving average price is $12.36. The company has a market capitalization of $669.03 million, a P/E ratio of 74.28 and a beta of 1.40.

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

Insider Transactions at TSS

In other TSS news, SVP Kieran Brennan sold 10,000 shares of TSS stock in a transaction dated Friday, May 23rd. The shares were 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 directly owned 323,000 shares of the company's stock, valued at approximately $4,221,610. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TSS

Hedge funds have recently modified their holdings of the company. Northern Trust Corp bought a new position in TSS during the 4th quarter worth about $324,000. Ritholtz Wealth Management acquired a new stake in TSS during the 1st quarter worth $247,000. Wells Fargo & Company MN purchased a new position in shares of TSS during the 4th quarter worth $114,000. Rockefeller Capital Management L.P. purchased a new stake in TSS in the 4th quarter valued at about $552,000. Finally, Tower Research Capital LLC TRC purchased a new stake in TSS during the fourth quarter worth about $42,000.

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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