TSS (NASDAQ:TSSI) Trading 14.5% Higher - Time to Buy?

TSS Inc. (NASDAQ:TSSI - Get Free Report) shot up 14.5% during trading on Thursday . The stock traded as high as $31.94 and last traded at $31.11. 850,277 shares were traded during trading, a decline of 51% from the average session volume of 1,742,642 shares. The stock had previously closed at $27.17.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a research report on Monday.

TSS Stock Down 4.0%

The firm has a market capitalization of $747.10 million, a P/E ratio of 82.95 and a beta of 1.41. The firm's 50 day moving average is $14.16 and its two-hundred day moving average is $12.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.56.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS 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 during the quarter.

Insider Activity at TSS

In related news, SVP Kieran Brennan sold 10,000 shares of the business'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 transaction of $130,700.00. Following the transaction, the senior vice president now directly owns 323,000 shares of the company's stock, valued at approximately $4,221,610. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TSS

Several large investors have recently modified their holdings of TSSI. Tucker Asset Management LLC bought a new stake in shares of TSS during the 4th quarter worth about $34,000. Bank of America Corp DE acquired a new stake in TSS during the fourth quarter worth approximately $40,000. Tower Research Capital LLC TRC bought a new stake in shares of TSS during the fourth quarter worth approximately $42,000. State of Wyoming acquired a new position in shares of TSS in the first quarter valued at approximately $77,000. Finally, Wells Fargo & Company MN acquired a new position in shares of TSS in the fourth quarter valued at approximately $114,000.

TSS Company Profile

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.