TSS (NASDAQ:TSSI) Shares Gap Up - Here's Why

TSS Inc. (NASDAQ:TSSI - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $23.18, but opened at $24.24. TSS shares last traded at $26.07, with a volume of 1,278,088 shares trading hands.

Wall Street Analysts Forecast Growth

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

TSS Price Performance

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's 50-day simple moving average is $19.90 and its 200 day simple moving average is $13.69. The firm has a market capitalization of $644.27 million, a P/E ratio of 71.53 and a beta of 1.66.

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 business 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 Buying and Selling

In other news, SVP Kieran Brennan sold 5,000 shares of the firm's 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 transaction, the senior vice president directly owned 318,000 shares in the company, valued at $4,293,000. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TSSI. Palisades Investment Partners LLC purchased a new position in shares of TSS during the 4th quarter valued at about $2,997,000. Value Aligned Research Advisors LLC purchased a new position in shares of TSS during the 4th quarter valued at about $2,231,000. Pacer Advisors Inc. purchased a new position in shares of TSS during the 1st quarter valued at about $1,087,000. Geode Capital Management LLC purchased a new position in shares of TSS during the 4th quarter valued at about $1,539,000. Finally, NewEdge Advisors LLC lifted its position in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock valued at $1,112,000 after buying an additional 119,432 shares in the last quarter.

About TSS

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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