Stock Traders Purchase High Volume of Call Options on TSS (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSI) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 6,152 call options on the stock. This represents an increase of 149% compared to the typical daily volume of 2,471 call options.

Institutional Investors Weigh In On TSS

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new position in shares of TSS in the second quarter worth $33,000. BNP Paribas Financial Markets purchased a new stake in shares of TSS during the second quarter valued at $45,000. Ameritas Investment Partners Inc. purchased a new stake in shares of TSS during the second quarter valued at $54,000. Legal & General Group Plc acquired a new position in shares of TSS in the 2nd quarter valued at $59,000. Finally, Tower Research Capital LLC TRC increased its position in shares of TSS by 81.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after acquiring an additional 1,401 shares during the period.

TSS Trading Down 5.9%

Shares of NASDAQ TSSI traded down $0.75 during trading hours on Friday, hitting $11.99. 1,383,618 shares of the company traded hands, compared to its average volume of 1,460,246. The stock has a market capitalization of $345.65 million, a price-to-earnings ratio of 22.61 and a beta of 2.12. 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 company’s 50 day moving average price is $9.55 and its 200 day moving average price is $12.14. TSS has a 12 month low of $5.63 and a 12 month high of $31.94.

TSS (NASDAQ:TSSI) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. The company had revenue of $60.91 million for the quarter. TSS had a net margin of 6.16% and a return on equity of 55.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSSI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Wall Street Zen downgraded shares of TSS from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Zacks Research upgraded shares of TSS to a “hold” rating in a research note on Tuesday, February 17th. Finally, Loop Capital set a $15.00 target price on shares of TSS in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, TSS presently has an average rating of “Hold” and an average price target of $17.75.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.