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% during trading on Tuesday . The stock traded as low as $25.24 and last traded at $25.40. 1,034,064 shares changed 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.

Wall Street Analyst Weigh In

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

TSS Price Performance

The firm has a market cap of $616.24 million, a PE ratio of 68.42 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 firm's fifty day simple moving average is $21.81 and its two-hundred day simple moving average is $14.28.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The business 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 Activity at TSS

In related 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 value of $67,500.00. Following the completion of the transaction, the senior vice president owned 318,000 shares of the company's stock, valued at approximately $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On TSS

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of TSS during the fourth quarter valued at $40,000. Tower Research Capital LLC TRC bought a new stake in TSS during the 4th quarter valued at approximately $42,000. State of Wyoming bought a new stake in TSS during the 1st quarter valued at approximately $77,000. Wells Fargo & Company MN bought a new stake in shares of TSS in the 4th quarter worth approximately $114,000. Finally, Lazard Asset Management LLC bought a new position in shares of TSS during the 4th 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.