Stock Traders Purchase Large Volume of Call Options on TSS (NASDAQ:TSSI)

TSS, Inc. (NASDAQ:TSSI) saw unusually large options trading on Friday. Traders acquired 16,553 call options on the company. This represents an increase of approximately 853% compared to the average daily volume of 1,737 call options.

TSS Stock Up 74.1%

TSS stock opened at $15.44 on Friday. The business has a fifty day moving average of $8.01 and a two-hundred day moving average of $10.12. The firm has a market cap of $386.31 million, a P/E ratio of 85.78 and a beta of 0.95. TSS has a twelve month low of $1.25 and a twelve month high of $18.26.

TSS (NASDAQ:TSSI) last posted its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $98.96 million during the quarter. TSS had a return on equity of 87.89% and a net margin of 3.59%.

Institutional Trading of TSS

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Palisades Investment Partners LLC lifted its holdings in shares of TSS by 2.0% during the 1st quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company’s stock valued at $2,024,000 after purchasing an additional 5,142 shares during the last quarter. Value Aligned Research Advisors LLC lifted its holdings in shares of TSS by 34.0% during the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock valued at $1,979,000 after purchasing an additional 63,982 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after purchasing an additional 119,432 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of TSS during the 1st quarter valued at $1,087,000. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of TSS during the 4th quarter valued at $1,605,000.

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.