TSR (NASDAQ:TSRI) Stock Crosses Below Two Hundred Day Moving Average of $8.56

Shares of TSR, Inc. (NASDAQ:TSRI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.56 and traded as low as $7.90. TSR shares last traded at $8.08, with a volume of 4,121 shares.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of TSR from a “b-” rating to a “c” rating in a report on Tuesday, February 13th.

TSR Stock Performance

The company’s fifty day moving average price is $8.37 and its 200 day moving average price is $8.56. The firm has a market capitalization of $16.94 million, a price-to-earnings ratio of 11.29 and a beta of 0.56.

TSR (NASDAQ:TSRI) last posted its quarterly earnings results on Thursday, January 11th. The technology company reported $0.20 EPS for the quarter. TSR had a net margin of 1.69% and a return on equity of 9.55%. The business had revenue of $21.66 million during the quarter.

Institutional Trading of TSR

A number of hedge funds and other institutional investors have recently made changes to their positions in TSRI. Vanguard Group Inc. raised its position in shares of TSR by 215.3% during the 1st quarter. Vanguard Group Inc. now owns 74,007 shares of the technology company’s stock worth $693,000 after buying an additional 50,537 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of TSR by 29.8% during the 1st quarter. Renaissance Technologies LLC now owns 99,850 shares of the technology company’s stock worth $936,000 after buying an additional 22,900 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of TSR by 304.3% during the 1st quarter. Acadian Asset Management LLC now owns 9,840 shares of the technology company’s stock worth $92,000 after buying an additional 7,406 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of TSR by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 61,748 shares of the technology company’s stock worth $571,000 after buying an additional 4,949 shares in the last quarter. 9.66% of the stock is currently owned by institutional investors.

TSR Company Profile

TSR, Inc, operates as a staffing company in the United States. It primarily focus on recruiting information technology (IT) professionals for short- and long-term assignments, permanent placements, project work, and providing contract computer programming services. The company provides technical computer personnel to supplement the in-house IT capabilities of its customers in the areas of .net and java, mobile applications for Android and IOS platforms, project management, IT security specialists, cloud development and architecture, business analysts, UI design and development, network infrastructure and support, and database development and administration.