Data Storage (NASDAQ:DTST) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Data Storage (NASDAQ:DTST) from a hold rating to a sell rating in a research report report published on Sunday morning.

Several other brokerages have also weighed in on DTST. Maxim Group lowered shares of Data Storage from a “buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Data Storage in a research note on Wednesday, October 8th. Finally, UBS Group started coverage on Data Storage in a research note on Wednesday, July 16th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Data Storage Stock Down 0.7%

DTST stock traded down $0.03 on Friday, reaching $4.14. 36,602 shares of the company’s stock were exchanged, compared to its average volume of 135,294. The stock has a fifty day moving average of $4.33 and a 200-day moving average of $4.13. The firm has a market cap of $30.06 million, a PE ratio of -103.47 and a beta of 0.98. Data Storage has a twelve month low of $2.93 and a twelve month high of $5.44.

Data Storage (NASDAQ:DTST) last released its earnings results on Thursday, August 14th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Data Storage had a negative net margin of 1.17% and a negative return on equity of 1.42%. The business had revenue of $5.15 million during the quarter, compared to analyst estimates of $6.20 million.

Data Storage Company Profile

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.