TSR (NASDAQ:TSRI) Stock Price Passes Below 200-Day Moving Average of $8.56

TSR, Inc. (NASDAQ:TSRI)’s share price passed 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 traded.

Wall Street Analyst Weigh In

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

TSR Trading Up 1.7 %

The company has a market capitalization of $17.29 million, a PE ratio of 11.54 and a beta of 0.56. The stock’s 50-day moving average is $8.39 and its two-hundred day moving average is $8.56.

TSR (NASDAQ:TSRI) last issued its 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 for the quarter.

Hedge Funds Weigh In On TSR

A number of hedge funds and other institutional investors have recently modified their holdings of TSRI. Vanguard Group Inc. boosted its stake in shares of TSR by 215.3% during the first quarter. Vanguard Group Inc. now owns 74,007 shares of the technology company’s stock valued at $693,000 after purchasing an additional 50,537 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of TSR by 29.8% during the first quarter. Renaissance Technologies LLC now owns 99,850 shares of the technology company’s stock valued at $936,000 after purchasing an additional 22,900 shares in the last quarter. Acadian Asset Management LLC lifted its position in TSR by 304.3% during the first quarter. Acadian Asset Management LLC now owns 9,840 shares of the technology company’s stock valued at $92,000 after acquiring an additional 7,406 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in TSR by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 61,748 shares of the technology company’s stock valued at $571,000 after acquiring an additional 4,949 shares during 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.