TSS (NASDAQ:TSSI) Trading Up 5.5% - Should You Buy?

Key Points

• TSS Inc. (NASDAQ:TSSI) experienced a stock price increase of 5.5%, reaching a last traded price of $28.43.
• Analysts at Wall Street Zen have downgraded TSS from a "buy" to a "hold" rating as of June 23rd.
• During the last quarterly earnings report, TSS reported an EPS of $0.12 and revenue of $98.96 million.
• Insider transactions revealed SVP Kieran Brennan sold 10,000 shares at an average price of $13.07, reducing their stake in the company.

TSS Inc. (NASDAQ:TSSI - Get Free Report) shares shot up 5.5% during mid-day trading on Friday . The stock traded as high as $28.83 and last traded at $28.43. 1,037,696 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 1,877,345 shares. The stock had previously closed at $26.95.

Analysts Set New Price Targets

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

TSS Stock Performance

The stock has a market capitalization of $592.72 million, a PE ratio of 65.81 and a beta of 1.66. The firm's fifty day moving average is $21.81 and its 200-day moving average is $14.28. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87.

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

Insider Transactions at TSS

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

Institutional Trading of TSS

A number of institutional investors and hedge funds have recently bought and sold shares of TSSI. Bank of America Corp DE purchased a new stake in TSS during the fourth quarter worth about $40,000. Tower Research Capital LLC TRC purchased a new stake in TSS during the fourth quarter worth about $42,000. State of Wyoming purchased a new stake in TSS during the first quarter worth about $77,000. Wells Fargo & Company MN acquired a new position in shares of TSS during the fourth quarter worth about $114,000. Finally, Lazard Asset Management LLC acquired a new position in shares of TSS during the fourth quarter worth about $114,000.

About TSS

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.