TSS (NASDAQ:TSSI) Stock Moved Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of TSS (NASDAQ:TSSI) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on TSSI. Needham & Company LLC dropped their price target on TSS from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of TSS in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.00.

TSS Stock Down 4.8%

TSS stock opened at $7.07 on Friday. The stock has a market cap of $199.52 million, a P/E ratio of 14.73 and a beta of 1.98. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. TSS has a twelve month low of $6.87 and a twelve month high of $21.77. The company’s 50-day moving average price is $9.15 and its two-hundred day moving average price is $11.34.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). TSS had a return on equity of 19.22% and a net margin of 7.44%. The company had revenue of $35.14 million for the quarter. As a group, analysts expect that TSS will post 0.24 EPS for the current year.

Institutional Trading of TSS

A number of institutional investors have recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of TSS during the second quarter worth approximately $26,000. Alyeska Investment Group L.P. acquired a new stake in shares of TSS in the second quarter valued at approximately $1,914,000. Hsbc Holdings PLC acquired a new stake in shares of TSS in the second quarter valued at approximately $324,000. Bank of New York Mellon Corp bought a new stake in shares of TSS in the second quarter valued at approximately $917,000. Finally, Vestor Capital LLC boosted its stake in shares of TSS by 1,786.8% in the first quarter. Vestor Capital LLC now owns 12,000 shares of the company’s stock valued at $156,000 after buying an additional 11,364 shares during the period.

About TSS

TSS, Inc (NASDAQ:TSSI) is a provider of data center infrastructure and technical services. The company helps customers design, build, deploy and maintain complex data center environments, with capabilities spanning engineering, project management, equipment procurement, systems integration and installation.

TSS supports infrastructure used for high-performance computing, artificial intelligence, cloud computing, enterprise applications and other data-intensive workloads. Its services may include the integration of servers, storage, networking equipment, power systems, cooling systems and related technology within data center facilities.

The company serves organizations that require customized and scalable computing environments, including data center operators, technology companies, enterprises and other institutional customers.