TSS Inc. (NASDAQ:TSSI - Get Free Report)'s stock price rose 13.2% on Monday . The company traded as high as $20.99 and last traded at $20.81. Approximately 762,154 shares changed hands during trading, a decline of 54% from the average daily volume of 1,669,780 shares. The stock had previously closed at $18.39.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of TSS from a "hold" rating to a "buy" rating in a research note on Sunday.
Check Out Our Latest Analysis on TSS
TSS Stock Performance
The company has a market cap of $594.48 million, a PE ratio of 66.00 and a beta of 1.41. 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's 50-day simple moving average is $12.10 and its 200 day simple moving average is $11.41.
TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The company had revenue of $98.96 million during the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%.
Insiders Place Their Bets
In other news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total value of $67,500.00. Following the completion of the transaction, the senior vice president now owns 318,000 shares in the company, valued at $4,293,000. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.94% of the stock is owned by insiders.
Hedge Funds Weigh In On TSS
A number of large investors have recently made changes to their positions in TSSI. Palisades Investment Partners LLC purchased a new position in shares of TSS in the 4th quarter valued at about $2,997,000. Value Aligned Research Advisors LLC purchased a new position in shares of TSS in the 4th quarter valued at about $2,231,000. Pacer Advisors Inc. purchased a new position in shares of TSS in the 1st quarter valued at about $1,087,000. Geode Capital Management LLC purchased a new position in shares of TSS in the 4th quarter valued at about $1,539,000. Finally, NewEdge Advisors LLC increased 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 purchasing an additional 119,432 shares in the last quarter.
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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