TSS Inc. (NASDAQ:TSSI - Get Free Report)'s share price dropped 8.4% during mid-day trading on Tuesday . The stock traded as low as $26.40 and last traded at $26.41. Approximately 1,186,857 shares were traded during trading, a decline of 34% from the average daily volume of 1,795,104 shares. The stock had previously closed at $28.83.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.
View Our Latest Research Report on TSSI
TSS Stock Down 0.7%
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 cap of $702.81 million, a price-to-earnings ratio of 78.03 and a beta of 1.66. The stock has a fifty day moving average price of $16.29 and a two-hundred day moving average price of $12.69.
TSS (NASDAQ:TSSI - Get Free Report) last posted its 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 company had revenue of $98.96 million during the quarter.
Insider Buying and Selling at TSS
In other news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the sale, the senior vice president owned 318,000 shares of the company's stock, valued at approximately $4,293,000. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.94% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Tucker Asset Management LLC bought a new position in shares of TSS in the fourth quarter worth $34,000. Bank of America Corp DE bought a new position in shares of TSS in the fourth quarter worth $40,000. Tower Research Capital LLC TRC bought a new position in shares of TSS in the fourth quarter worth $42,000. Wells Fargo & Company MN bought a new position in shares of TSS in the fourth quarter worth $114,000. Finally, Lazard Asset Management LLC bought a new position in shares of TSS in the fourth quarter worth $114,000.
About TSS
(
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.
Recommended Stories
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
