Traders Buy Large Volume of Call Options on TSS (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSI) was the recipient of unusually large options trading on Wednesday. Investors bought 6,152 call options on the stock. This is an increase of approximately 149% compared to the average volume of 2,471 call options.

TSS Trading Up 12.7%

Shares of TSSI traded up $1.40 on Wednesday, reaching $12.45. 10,302,793 shares of the company’s stock were exchanged, compared to its average volume of 1,317,571. The business has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $12.14. The company has a current ratio of 1.52, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. TSS has a 12 month low of $5.63 and a 12 month high of $31.94. The stock has a market capitalization of $359.14 million, a P/E ratio of 62.40 and a beta of 2.12.

TSS (NASDAQ:TSSI) last announced its earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share (EPS) for the quarter. TSS had a net margin of 2.08% and a return on equity of 21.81%. The company had revenue of $60.91 million during the quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on TSSI. Wall Street Zen lowered TSS from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Zacks Research raised TSS to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Finally, Loop Capital set a $15.00 price objective on shares of TSS in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.75.

Insiders Place Their Bets

In other news, Director Peter H. Woodward sold 21,700 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $8.30, for a total value of $180,110.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 18.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On TSS

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in TSS by 167.1% in the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock valued at $11,242,000 after buying an additional 243,910 shares in the last quarter. Jump Financial LLC acquired a new position in shares of TSS during the second quarter worth approximately $6,801,000. Soviero Asset Management LP bought a new position in shares of TSS in the 2nd quarter worth $4,613,000. Precision Wealth Strategies LLC acquired a new stake in TSS in the 3rd quarter valued at $1,547,000. Finally, Bank of Montreal Can bought a new stake in TSS during the 2nd quarter valued at $202,000.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.