TSS (NASDAQ:TSSI) COO Karl Todd Marrott Sells 2,917 Shares of Stock

TSS Inc. (NASDAQ:TSSI) COO Karl Todd Marrott sold 2,917 shares of TSS stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $16.23, for a total transaction of $47,342.91. Following the completion of the transaction, the chief operating officer owned 330,583 shares in the company, valued at approximately $5,365,362.09. This trade represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Karl Todd Marrott also recently made the following trade(s):

• On Thursday, August 28th, Karl Todd Marrott sold 23,908 shares of TSS stock. The shares were sold at an average price of $16.16, for a total transaction of $386,353.28.

TSS Stock Down 9.7%

Shares of TSSI opened at $13.93 on Friday. The firm has a market cap of $353.26 million, a PE ratio of 38.70 and a beta of 1.67. The company’s fifty day moving average is $22.98 and its two-hundred day moving average is $15.29. TSS Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $31.94. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 2.05.

TSS (NASDAQ:TSSI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%. The company had revenue of $43.97 million for the quarter.

Institutional Investors Weigh In On TSS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new stake in TSS during the 2nd quarter worth $33,000. Bank of America Corp DE purchased a new stake in TSS during the 4th quarter worth $40,000. Tower Research Capital LLC TRC purchased a new stake in TSS during the 4th quarter worth $42,000. BNP Paribas Financial Markets purchased a new stake in TSS during the 2nd quarter worth $45,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in TSS during the 2nd quarter worth $54,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of TSS from a “buy” rating to a “hold” rating in a research note on Monday, June 23rd.

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.