TSS, Inc. (NASDAQ:TSSI - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $19.84, but opened at $21.22. TSS shares last traded at $20.07, with a volume of 929,107 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th.
Get Our Latest Stock Report on TSSI
TSS Stock Performance
The stock has a market cap of $511.91 million, a price-to-earnings ratio of 113.67 and a beta of 1.41. The company has a 50-day simple moving average of $10.34 and a two-hundred day simple moving average of $10.92.
TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $98.96 million during the quarter. TSS had a net margin of 3.59% and a return on equity of 87.89%.
Insiders Place Their Bets
In related news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the sale, the senior vice president now directly owns 318,000 shares of the company's stock, valued at approximately $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 18.94% of the company's stock.
Institutional Investors Weigh In On TSS
Several hedge funds have recently modified their holdings of the company. Tucker Asset Management LLC acquired a new position in TSS in the 4th quarter valued at approximately $34,000. Bank of America Corp DE acquired a new stake in shares of TSS during the fourth quarter worth $40,000. Tower Research Capital LLC TRC acquired a new stake in TSS during the 4th quarter worth about $42,000. Wells Fargo & Company MN bought a new stake in TSS in the fourth quarter worth approximately $114,000. Finally, Lazard Asset Management LLC acquired a new position in shares of TSS during the 4th quarter valued at $114,000.
TSS Company Profile
(
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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