TSS Inc. (NASDAQ:TSSI - Get Free Report) shares traded 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 mid-day trading, a decline of 51% from the average session volume of 1,742,642 shares. The stock had previously closed at $27.17.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.
Get Our Latest Analysis on TSSI
TSS Stock Performance
The stock has a market cap of $756.86 million, a PE ratio of 84.03 and a beta of 1.40. The company has a fifty day moving average price of $14.62 and a 200 day moving average price of $12.20. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.
TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS 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%.
Insider Buying and Selling at TSS
In other TSS news, SVP Kieran Brennan sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the transaction, the senior vice president now owns 318,000 shares of the company's stock, valued at $4,293,000. This represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 18.94% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Palisades Investment Partners LLC raised its position in TSS by 2.0% during the 1st 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 last quarter. Value Aligned Research Advisors LLC grew its holdings in shares of TSS by 34.0% during the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock worth $1,979,000 after acquiring an additional 63,982 shares during the period. NewEdge Advisors LLC grew its holdings in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock worth $1,112,000 after acquiring an additional 119,432 shares during the period. Pacer Advisors Inc. purchased a new position in shares of TSS during the 1st quarter worth approximately $1,087,000. Finally, Geode Capital Management LLC purchased a new position in shares of TSS during the 4th quarter worth approximately $1,539,000.
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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