TSS Inc. (NASDAQ:TSSI - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $21.32, but opened at $22.53. TSS shares last traded at $20.83, with a volume of 929,761 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of TSS from a "buy" rating to a "hold" rating in a research note on Monday, June 23rd.
Get Our Latest Analysis on TSSI
TSS Stock Performance
The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.56 and a current ratio of 0.85. The stock has a market cap of $579.96 million, a P/E ratio of 59.83 and a beta of 1.66. The firm's 50 day moving average is $19.59 and its 200 day moving average is $13.60.
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. 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%.
Insiders Place Their Bets
In other TSS news, SVP Kieran Brennan sold 5,000 shares of the business's 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 owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 18.94% of the company's stock.
Institutional Trading of TSS
Several large investors have recently made changes to their positions in the business. Palisades Investment Partners LLC boosted its holdings in shares of TSS by 2.0% in the 1st quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after acquiring an additional 5,142 shares during the last quarter. Value Aligned Research Advisors LLC boosted its holdings in shares of TSS by 34.0% in the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock valued at $1,979,000 after acquiring an additional 63,982 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of TSS by 536.7% in the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock valued at $1,112,000 after acquiring an additional 119,432 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of TSS in the 1st quarter valued at $1,087,000. Finally, Geode Capital Management LLC purchased a new stake in shares of TSS in the 4th quarter valued at $1,539,000.
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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