TSS (NASDAQ:TSSI) Stock Rating Cut to Sell at Wall Street Zen

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

A number of other research firms also recently weighed in on TSSI. Needham & Company LLC reduced their target price on shares of TSS from $13.00 to $9.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TSS in a report on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

TSS Trading Up 12.6%

TSSI stock opened at $6.70 on Friday. The firm has a fifty day moving average price of $8.37 and a 200 day moving average price of $10.72. TSS has a fifty-two week low of $5.90 and a fifty-two week high of $17.57. The firm has a market cap of $189.07 million, a PE ratio of 11.55 and a beta of 2.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.66.

TSS (NASDAQ:TSSI) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. TSS had a net margin of 8.45% and a return on equity of 21.67%. The company had revenue of $50.06 million for the quarter. Sell-side analysts anticipate that TSS will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of TSS

Several hedge funds and other institutional investors have recently bought and sold shares of TSSI. Alyeska Investment Group L.P. purchased a new stake in shares of TSS in the second quarter valued at $1,914,000. Bank of New York Mellon Corp purchased a new position in shares of TSS during the 2nd quarter worth about $917,000. Vestor Capital LLC boosted its stake in shares of TSS by 3,305.5% during the 3rd quarter. Vestor Capital LLC now owns 6,811 shares of the company’s stock worth $66,000 after purchasing an additional 6,611 shares during the period. LJI Wealth Management LLC grew its holdings in TSS by 10.8% during the 3rd quarter. LJI Wealth Management LLC now owns 20,500 shares of the company’s stock valued at $199,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of TSS during the second quarter valued at approximately $26,000.

About TSS

TSS, Inc (NASDAQ:TSSI) provides data center infrastructure solutions and related services for organizations that require reliable, scalable computing environments. The company supports the planning, design, deployment, and operation of data center facilities and technology infrastructure.

Its services may include data center engineering and construction support, equipment procurement and integration, installation, infrastructure management, and ongoing maintenance. TSS serves customers with demanding information technology requirements, including enterprises, technology companies, and data center operators.

The company’s activities are centered on helping customers build and maintain physical environments for servers, networking equipment, storage systems, power systems, and cooling infrastructure.