TSS (NASDAQ:TSSI) Stock Rating Lowered by Wall Street Zen

TSS (NASDAQ:TSSI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TSS in a report on Monday, September 14th. Needham & Company LLC cut their price target on TSS from $13.00 to $9.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, TSS presently has a consensus rating of “Hold” and an average price target of $12.00.

TSS Price Performance

Shares of TSS stock opened at $6.70 on Friday. The firm has a market cap of $189.07 million, a P/E ratio of 11.55 and a beta of 2.06. The firm’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $10.72. TSS has a twelve month low of $5.90 and a twelve month high of $17.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.66.

TSS (NASDAQ:TSSI) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. TSS had a net margin of 8.45% and a return on equity of 21.67%. The firm had revenue of $50.06 million during the quarter. As a group, research analysts expect that TSS will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TSSI. Russell Investments Group Ltd. raised its position in shares of TSS by 53.9% during the third quarter. Russell Investments Group Ltd. now owns 51,564 shares of the company’s stock worth $502,000 after acquiring an additional 18,050 shares during the last quarter. Vestor Capital LLC lifted its stake in shares of TSS by 3,305.5% during the third quarter. Vestor Capital LLC now owns 6,811 shares of the company’s stock valued at $66,000 after acquiring an additional 6,611 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of TSS by 38.5% during the third quarter. Commonwealth Equity Services LLC now owns 15,249 shares of the company’s stock valued at $148,000 after acquiring an additional 4,240 shares during the period. LJI Wealth Management LLC boosted its holdings in TSS by 10.8% in the third quarter. LJI Wealth Management LLC now owns 20,500 shares of the company’s stock valued at $199,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Triumph Capital Management bought a new position in TSS in the second quarter valued at about $26,000.

About TSS

TSS, Inc (NASDAQ:TSSI) provides data center infrastructure solutions and related services for organizations that require reliable, scalable computing environments. The company supports the planning, design, deployment, and operation of data center facilities and technology infrastructure.

Its services may include data center engineering and construction support, equipment procurement and integration, installation, infrastructure management, and ongoing maintenance. TSS serves customers with demanding information technology requirements, including enterprises, technology companies, and data center operators.

The company’s activities are centered on helping customers build and maintain physical environments for servers, networking equipment, storage systems, power systems, and cooling infrastructure.