TSS (NASDAQ:TSSI) Raised to “Hold” at Wall Street Zen

TSS (NASDAQ:TSSI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research analysts also recently weighed in on the company. Needham & Company LLC cut their price objective on TSS from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of TSS in a report on Monday, September 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TSS has a consensus rating of “Hold” and an average price target of $14.00.

TSS Stock Performance

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

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

Institutional Trading of TSS

Several hedge funds have recently added to or reduced their stakes in TSSI. Triumph Capital Management acquired a new position in shares of TSS during the second quarter worth approximately $26,000. Cura Wealth Advisors LLC acquired a new stake in shares of TSS in the first quarter worth $130,000. Diversified Trust Co acquired a new stake in shares of TSS in the first quarter worth $130,000. Independent Financial Group LLC bought a new position in TSS during the first quarter worth $134,000. Finally, Vestor Capital LLC increased its position in TSS by 1,786.8% during the first quarter. Vestor Capital LLC now owns 12,000 shares of the company’s stock worth $156,000 after acquiring an additional 11,364 shares during the period.

TSS Company Profile

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.