TSS (NASDAQ:TSSI) Trading Down 6.8% - Should You Sell?

Key Points

• TSS Inc. (NASDAQ:TSSI) shares declined by 6.8%, closing at $25.40 after trading as low as $25.24, with a notable 45% decrease in trading volume.
• Wall Street Zen downgraded TSS from a "buy" rating to a "hold" rating on June 23rd, indicating a shift in analyst sentiment.
• The company reported a $0.12 EPS for the most recent quarter with revenue of $98.96 million and a net margin of 3.87%.

Shares of TSS Inc. (NASDAQ:TSSI - Get Free Report) fell 6.8% on Tuesday . The stock traded as low as $25.24 and last traded at $25.40. 1,034,064 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,893,802 shares. The stock had previously closed at $27.26.

Analyst Ratings Changes

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

TSS Price Performance

The firm has a market capitalization of $677.79 million, a price-to-earnings ratio of 75.25 and a beta of 1.67. The company has a fifty day moving average price of $22.90 and a two-hundred day moving average price of $14.64. 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 issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%. The firm had revenue of $98.96 million during the quarter.

Insider Buying and Selling at TSS

In related news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction 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 sale, the senior vice president directly owned 318,000 shares of the company's stock, valued at $4,293,000. This trade 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 through this link. 18.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TSS

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of TSS during the fourth quarter worth $40,000. Tower Research Capital LLC TRC acquired a new stake in shares of TSS during the fourth quarter worth $42,000. State of Wyoming purchased a new position in TSS in the first quarter worth $77,000. Wells Fargo & Company MN purchased a new position in TSS in the fourth quarter worth $114,000. Finally, Lazard Asset Management LLC purchased a new position in TSS in the fourth quarter worth $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.