TSS (NASDAQ:TSSI) Shares Up 7.7% - Should You Buy?

TSS Inc. (NASDAQ:TSSI - Get Free Report)'s share price traded up 7.7% during trading on Friday . The company traded as high as $23.38 and last traded at $23.19. 1,279,839 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 1,850,223 shares. The stock had previously closed at $21.54.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.

TSS Stock Performance

The company has a market cap of $579.96 million, a P/E ratio of 64.39 and a beta of 1.66. 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 stock has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $13.69.

TSS (NASDAQ:TSSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The firm had revenue of $98.96 million for the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%.

Insider Activity at TSS

In other news, SVP Kieran Brennan sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total value of $67,500.00. Following the transaction, the senior vice president directly owned 318,000 shares of the company's stock, valued at $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 18.94% of the company's stock.

Institutional Trading of TSS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Palisades Investment Partners LLC bought a new position in shares of TSS in the fourth quarter valued at approximately $2,997,000. Value Aligned Research Advisors LLC purchased a new stake in shares of TSS during the fourth quarter worth $2,231,000. Pacer Advisors Inc. purchased a new stake in shares of TSS during the first quarter worth $1,087,000. Geode Capital Management LLC purchased a new stake in shares of TSS during the fourth quarter worth $1,539,000. Finally, NewEdge Advisors LLC lifted its position in shares of TSS by 536.7% during the first 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 in the last quarter.

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.