TSS (NASDAQ:TSSI) Stock Price Down 6.4% - Here's What Happened

TSS Inc. (NASDAQ:TSSI - Get Free Report)'s share price traded down 6.4% during mid-day trading on Tuesday . The company traded as low as $26.81 and last traded at $27.10. 945,114 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 1,804,344 shares. The stock had previously closed at $28.96.

Analyst Upgrades and Downgrades

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

TSS Stock Performance

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 company has a market capitalization of $518.91 million, a PE ratio of 57.61 and a beta of 1.66. The stock's fifty day simple moving average is $18.19 and its 200-day simple moving average is $13.26.

TSS (NASDAQ:TSSI - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (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%.

Insider Buying and Selling at TSS

In other news, SVP Kieran Brennan sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the completion of the transaction, the senior vice president directly owned 323,000 shares of the company's stock, valued at $4,221,610. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tucker Asset Management LLC purchased a new position in shares of TSS during the 4th quarter worth approximately $34,000. Bank of America Corp DE purchased a new position in shares of TSS during the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC purchased a new position in shares of TSS during the 4th quarter worth approximately $42,000. Wells Fargo & Company MN purchased a new position in shares of TSS during the 4th quarter worth approximately $114,000. Finally, Lazard Asset Management LLC acquired a new stake in TSS during the fourth quarter worth 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.