TSS (NASDAQ:TSSI) Reaches New 12-Month High – Should You Buy?

TSS Inc. (NASDAQ:TSSI) shares hit a new 52-week high on Monday . The company traded as high as $27.17 and last traded at $26.90, with a volume of 3120925 shares. The stock had previously closed at $25.61.

Wall Street Analysts Forecast Growth

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

TSS Trading Up 5.3%

The stock has a market capitalization of $674.54 million, a PE ratio of 74.89 and a beta of 1.40. The stock’s 50 day moving average price is $12.47 and its 200-day moving average price is $11.54. 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 released its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $98.96 million during the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%.

Insider Activity

In other TSS 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 sale, the senior vice president now directly owns 318,000 shares in the company, valued at approximately $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 18.94% of the company’s stock.

Institutional Investors Weigh In On TSS

A number of hedge funds have recently modified their holdings of the business. Tucker Asset Management LLC acquired a new stake in shares of TSS during the fourth quarter valued at about $34,000. Bank of America Corp DE acquired a new position in TSS in the 4th quarter valued at $40,000. Tower Research Capital LLC TRC purchased a new stake in shares of TSS during the 4th quarter worth $42,000. State of Wyoming purchased a new stake in shares of TSS in the 1st quarter worth about $77,000. Finally, Wells Fargo & Company MN acquired a new position in TSS in the 4th quarter valued at about $114,000.

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.