TSS Inc. (NASDAQ:TSSI - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $26.96, but opened at $28.55. TSS shares last traded at $28.30, with a volume of 903,386 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of TSS from a "buy" rating to a "hold" rating in a research note on Monday.
View Our Latest Analysis on TSS
TSS Trading Down 4.0%
The company has a fifty day simple moving average of $14.16 and a two-hundred day simple moving average of $12.03. 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 company has a market cap of $747.10 million, a PE ratio of 82.95 and a beta of 1.41.
TSS (NASDAQ:TSSI - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%. The firm had revenue of $98.96 million for the quarter.
Insider Activity
In other news, SVP Kieran Brennan sold 5,000 shares of the 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 now owns 318,000 shares in the company, valued at approximately $4,293,000. This represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 18.94% of the company's stock.
Hedge Funds Weigh In On TSS
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tucker Asset Management LLC purchased a new stake in shares of TSS during the 4th quarter worth approximately $34,000. Bank of America Corp DE purchased a new stake in TSS in the fourth quarter valued at $40,000. Tower Research Capital LLC TRC acquired a new position in TSS in the fourth quarter valued at $42,000. Palisades Investment Partners LLC grew its holdings in shares of TSS by 2.0% during the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock worth $2,024,000 after purchasing an additional 5,142 shares during the last quarter. Finally, JT Stratford LLC increased its holdings in shares of TSS by 8.8% in the 1st quarter. JT Stratford LLC now owns 71,321 shares of the company's stock valued at $560,000 after acquiring an additional 5,776 shares during the period.
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.
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