TSS Inc. (NASDAQ:TSSI - Get Free Report)'s stock price shot up 13% during mid-day trading on Thursday . The company traded as high as $28.74 and last traded at $28.38. 1,009,128 shares were traded during trading, a decline of 47% from the average session volume of 1,906,711 shares. The stock had previously closed at $25.11.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.
Read Our Latest Stock Analysis on TSSI
TSS Trading Up 8.2%
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 firm has a market capitalization of $679.54 million, a PE ratio of 75.45 and a beta of 1.66. The company's 50-day simple moving average is $22.32 and its 200 day simple moving average is $14.42.
TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $98.96 million during the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%.
Insiders Place Their Bets
In other TSS news, SVP Kieran Brennan sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $13.07, for a total value of $130,700.00. Following the sale, the senior vice president directly owned 323,000 shares of the company's stock, valued at approximately $4,221,610. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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 stock. Wealth Enhancement Advisory Services LLC raised its position in TSS by 19.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,457 shares of the company's stock valued at $518,000 after purchasing an additional 2,957 shares during the period. Bank of America Corp DE purchased a new stake in TSS in the fourth quarter valued at $40,000. Tower Research Capital LLC TRC purchased a new stake in TSS in the fourth quarter valued at $42,000. Caitong International Asset Management Co. Ltd raised its position in TSS by 1,265.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,187 shares of the company's stock valued at $150,000 after purchasing an additional 4,807 shares during the period. Finally, Palisades Investment Partners LLC raised its position in TSS by 2.0% in the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after purchasing an additional 5,142 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.
Further Reading
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