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

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

Wall Street Analysts Forecast Growth

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

TSS Trading Up 1.0%

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

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

Insider Buying and Selling at TSS

In other news, Director Peter H. Woodward sold 21,700 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $8.30, for a total value of $180,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 18.94% of the company’s stock.

Hedge Funds Weigh In On TSS

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in TSS by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock worth $22,474,000 after acquiring an additional 294,971 shares during the period. Geode Capital Management LLC grew its holdings in TSS by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 539,359 shares of the company’s stock worth $3,814,000 after acquiring an additional 41,536 shares during the period. Value Aligned Research Advisors LLC grew its stake in shares of TSS by 22.1% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 431,263 shares of the company’s stock worth $7,810,000 after purchasing an additional 78,114 shares during the period. UBS Group AG grew its position in TSS by 188.1% during the fourth quarter. UBS Group AG now owns 316,456 shares of the company’s stock worth $2,237,000 after buying an additional 206,600 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of TSS in the 2nd quarter worth approximately $8,862,000.

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.