Peter Woodward Sells 30,000 Shares of TSS (NASDAQ:TSSI) Stock

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $8.82, for a total transaction of $264,600.00. Following the completion of the sale, the director directly owned 21,700 shares of the company’s stock, valued at $191,394. The trade was a 58.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

TSS Stock Performance

TSSI traded down $0.17 during midday trading on Thursday, reaching $8.30. The company had a trading volume of 914,155 shares, compared to its average volume of 2,176,084. TSS Inc. has a 12-month low of $5.63 and a 12-month high of $31.94. The business has a 50-day moving average price of $14.29 and a two-hundred day moving average price of $18.13. The stock has a market cap of $239.37 million, a PE ratio of 41.50 and a beta of 2.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.52.

TSS (NASDAQ:TSSI) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $41.88 million for the quarter. TSS had a net margin of 2.08% and a return on equity of 21.81%.

Analyst Upgrades and Downgrades

TSSI has been the topic of a number of recent research reports. Singular Research started coverage on shares of TSS in a research note on Tuesday, September 16th. They set a “buy” rating and a $20.50 price target on the stock. Loop Capital set a $15.00 target price on TSS in a research note on Monday, December 1st. Wall Street Zen lowered shares of TSS from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research note on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, TSS currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

Hedge Funds Weigh In On TSS

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System purchased a new stake in shares of TSS during the second quarter valued at approximately $33,000. Bank of America Corp DE purchased a new stake in shares of TSS in the 4th quarter worth about $40,000. BNP Paribas Financial Markets purchased a new position in shares of TSS during the second quarter valued at about $45,000. Ameritas Investment Partners Inc. purchased a new stake in TSS in the second quarter worth about $54,000. Finally, Legal & General Group Plc bought a new stake in TSS during the 2nd quarter valued at approximately $59,000.

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.