TSS (NASDAQ:TSSI) Stock Price Up 1% – What’s Next?

TSS Inc. (NASDAQ:TSSI)’s stock price traded up 1% during trading on Monday . The company traded as high as $9.26 and last traded at $9.17. 674,612 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 1,364,462 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TSSI shares. Wall Street Zen cut TSS from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Loop Capital set a $15.00 target price on shares of TSS in a research report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TSS in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.75.

TSS Price Performance

The company has a fifty day moving average of $8.93 and a 200-day moving average of $14.02. 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 stock has a market cap of $264.46 million, a PE ratio of 45.85 and a beta of 2.07.

TSS (NASDAQ:TSSI) last announced its earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $41.88 million for the quarter. TSS had a net margin of 2.08% and a return on equity of 21.81%.

Insider Buying and Selling at TSS

In related news, Director Peter H. Woodward sold 30,000 shares of TSS stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 18.94% of the company’s stock.

Hedge Funds Weigh In On TSS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSSI. California State Teachers Retirement System acquired a new position in shares of TSS in the second quarter worth $33,000. Osaic Holdings Inc. boosted its holdings in TSS by 17.6% in the second quarter. Osaic Holdings Inc. now owns 9,193 shares of the company’s stock valued at $265,000 after purchasing an additional 1,375 shares during the period. Tower Research Capital LLC TRC boosted its holdings in TSS by 81.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after purchasing an additional 1,401 shares during the period. BNP Paribas Financial Markets acquired a new position in TSS during the 2nd quarter worth $45,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in TSS by 5.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company’s stock worth $638,000 after purchasing an additional 1,700 shares during the period.

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