TSS (NASDAQ:TSSI) Shares Gap Up – What’s Next?

TSS Inc. (NASDAQ:TSSI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $26.96, but opened at $28.55. TSS shares last traded at $28.30, with a volume of 903,386 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of TSS from a “buy” rating to a “hold” rating in a report on Monday.

TSS Stock Down 4.6%

The firm’s 50 day simple moving average is $13.69 and its 200 day simple moving average is $11.89. The company has a market cap of $679.79 million, a price-to-earnings ratio of 75.47 and a beta of 1.41. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

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

Insider Activity

In other TSS news, SVP Kieran Brennan sold 10,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $13.07, for a total value of $130,700.00. Following the sale, the senior vice president now directly owns 323,000 shares in the company, valued at approximately $4,221,610. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.94% of the company’s stock.

Institutional Investors Weigh In On TSS

Hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new position in TSS in the 4th quarter worth about $1,112,000. Wealthspire Advisors LLC bought a new stake in shares of TSS in the 4th quarter valued at approximately $120,000. Victory Capital Management Inc. bought a new stake in shares of TSS in the 4th quarter valued at approximately $123,000. Mesirow Financial Investment Management Inc. acquired a new position in TSS in the fourth quarter worth approximately $1,272,000. Finally, HighTower Advisors LLC bought a new position in TSS during the fourth quarter valued at approximately $203,000.

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.