TSS (NASDAQ:TSSI) Rating Lowered to Hold at Wall Street Zen

Wall Street Zen cut shares of TSS (NASDAQ:TSSI) from a buy rating to a hold rating in a research report report published on Monday morning.

TSS Trading Down 4.6%

NASDAQ:TSSI opened at $27.17 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $679.79 million, a PE ratio of 75.47 and a beta of 1.41. The firm’s 50 day moving average is $13.69 and its 200 day moving average is $11.89. TSS has a 12 month low of $2.03 and a 12 month high of $29.81.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%. The company had revenue of $98.96 million for the quarter.

Insider Activity

In other news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the transaction, the senior vice president now directly owns 318,000 shares in the company, valued at approximately $4,293,000. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.94% of the company’s stock.

Institutional Investors Weigh In On TSS

Large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. purchased a new stake in TSS in the fourth quarter worth about $850,000. Northern Trust Corp bought a new stake in TSS during the 4th quarter valued at $324,000. Ritholtz Wealth Management bought a new stake in TSS during the 1st quarter valued at $247,000. Wells Fargo & Company MN bought a new stake in TSS during the 4th quarter valued at $114,000. Finally, Rockefeller Capital Management L.P. bought a new position in TSS in the fourth quarter worth about $552,000.

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.