TSS (NASDAQ:TSSI) Sets New 12-Month High – Here’s Why

TSS, Inc. (NASDAQ:TSSI) reached a new 52-week high on Tuesday . The company traded as high as $21.90 and last traded at $21.60, with a volume of 2778019 shares. The stock had previously closed at $18.39.

Wall Street Analysts Forecast Growth

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

TSS Trading Up 17.5%

The stock has a market cap of $540.43 million, a PE ratio of 120.01 and a beta of 1.41. The company’s 50 day moving average is $11.16 and its 200-day moving average is $11.17.

TSS (NASDAQ:TSSI) last announced its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. TSS had a return on equity of 87.89% and a net margin of 3.59%. The business had revenue of $98.96 million for the quarter.

Insiders Place Their Bets

In other TSS news, SVP Kieran Brennan sold 10,000 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the transaction, the senior vice president now directly owns 323,000 shares in the company, valued at $4,221,610. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 18.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On TSS

Institutional investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. acquired a new position in TSS in the fourth quarter worth about $289,000. D.A. Davidson & CO. bought a new position in TSS during the 4th quarter worth approximately $850,000. New York State Common Retirement Fund acquired a new position in shares of TSS in the 4th quarter worth approximately $1,112,000. Wealthspire Advisors LLC bought a new stake in shares of TSS in the 4th quarter valued at approximately $120,000. Finally, Victory Capital Management Inc. bought a new stake in shares of TSS in the 4th quarter valued at approximately $123,000.

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.