TSS (NASDAQ:TSSI) Upgraded at Zacks Research

Zacks Research upgraded shares of TSS (NASDAQ:TSSI) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other brokerages have also recently commented on TSSI. Loop Capital set a $15.00 target price on TSS in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TSS in a report on Monday, December 29th. Finally, Wall Street Zen downgraded TSS from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TSS has an average rating of “Hold” and a consensus target price of $17.75.

TSS Trading Down 0.7%

Shares of TSSI stock opened at $7.99 on Tuesday. TSS has a 1 year low of $5.63 and a 1 year high of $31.94. The company has a current ratio of 1.52, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $230.43 million, a P/E ratio of 39.95 and a beta of 2.08. The firm’s fifty day simple moving average is $8.83 and its 200 day simple moving average is $13.17.

Insider Buying and Selling at TSS

In related news, Director Peter H. Woodward sold 30,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $8.82, for a total value of $264,600.00. Following the completion of the transaction, the director directly owned 21,700 shares in the company, valued at approximately $191,394. The trade was a 58.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.94% of the company’s stock.

Institutional Investors Weigh In On TSS

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in TSS by 167.1% in the second quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock worth $11,242,000 after buying an additional 243,910 shares in the last quarter. Jump Financial LLC acquired a new position in shares of TSS during the second quarter valued at about $6,801,000. Soviero Asset Management LP acquired a new position in TSS during the 2nd quarter valued at approximately $4,613,000. Penserra Capital Management LLC purchased a new position in TSS in the 2nd quarter worth $2,879,000. Finally, Precision Wealth Strategies LLC acquired a new stake in TSS during the 3rd quarter worth about $1,547,000.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.