Zacks Research Upgrades TSS (NASDAQ:TSSI) to “Hold”

TSS (NASDAQ:TSSI) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings restated 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. Finally, Loop Capital set a $15.00 price objective on TSS in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, TSS currently has an average rating of “Hold” and a consensus price target of $17.75.

TSS Stock Up 1.4%

TSS stock opened at $8.05 on Tuesday. TSS has a 12 month low of $5.63 and a 12 month high of $31.94. The stock has a market capitalization of $232.16 million, a PE ratio of 40.25 and a beta of 2.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.52 and a quick ratio of 1.35. The business has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $13.21.

Insider Activity at TSS

In related news, Director Peter H. Woodward sold 21,700 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $8.30, for a total transaction of $180,110.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSSI. Geode Capital Management LLC boosted its position in shares of TSS by 167.1% during the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock valued at $11,242,000 after acquiring an additional 243,910 shares during the last quarter. Jump Financial LLC purchased a new position in TSS during the second quarter worth about $6,801,000. Soviero Asset Management LP acquired a new position in TSS in the 2nd quarter valued at about $4,613,000. Penserra Capital Management LLC purchased a new stake in shares of TSS in the 2nd quarter valued at approximately $2,879,000. Finally, Precision Wealth Strategies LLC acquired a new stake in shares of TSS during the 3rd quarter worth approximately $1,547,000.

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