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

Wall Street Zen downgraded shares of TSS (NASDAQ:TSSI) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

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

TSS Trading Up 6.0%

Shares of TSSI stock opened at $7.10 on Friday. The firm has a market cap of $200.36 million, a P/E ratio of 14.27 and a beta of 2.06. TSS has a 1-year low of $5.90 and a 1-year high of $17.57. 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 firm’s 50-day simple moving average is $8.35 and its 200-day simple moving average is $10.70.

TSS (NASDAQ:TSSI) last released its earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. TSS had a net margin of 7.44% and a return on equity of 19.22%. The business had revenue of $50.06 million for the quarter. As a group, equities analysts forecast that TSS will post 0.24 EPS for the current year.

Hedge Funds Weigh In On TSS

Several hedge funds and other institutional investors have recently modified their holdings of TSSI. LJI Wealth Management LLC raised its position in TSS by 10.8% in the third 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 period. Triumph Capital Management acquired a new position in shares of TSS during the second quarter worth about $26,000. Bank of New York Mellon Corp lifted its stake in shares of TSS by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 61,845 shares of the company’s stock worth $805,000 after purchasing an additional 2,837 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of TSS by 21.2% during the first quarter. Bank of America Corp DE now owns 23,034 shares of the company’s stock worth $300,000 after purchasing an additional 4,026 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of TSS by 38.5% in the third quarter. Commonwealth Equity Services LLC now owns 15,249 shares of the company’s stock worth $148,000 after buying an additional 4,240 shares during the period.

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.