Data Storage (NASDAQ:DTST) Stock Crosses Below 200 Day Moving Average – What’s Next?

Data Storage Corp. (NASDAQ:DTST)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.64 and traded as low as $2.96. Data Storage shares last traded at $3.0260, with a volume of 3,839 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Data Storage has a consensus rating of “Reduce”.

Data Storage Price Performance

The company has a market capitalization of $7.21 million, a P/E ratio of -4.05 and a beta of 1.15. The company has a 50 day moving average of $3.21 and a 200-day moving average of $3.63.

Data Storage (NASDAQ:DTST) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.24). The business had revenue of $0.36 million for the quarter, compared to the consensus estimate of $0.40 million. Data Storage had a net margin of 1,247.09% and a negative return on equity of 5.48%.

Institutional Trading of Data Storage

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of Data Storage by 54.8% in the 4th quarter. Renaissance Technologies LLC now owns 136,100 shares of the company’s stock worth $697,000 after purchasing an additional 48,200 shares during the period. Alpine Global Management LLC purchased a new stake in Data Storage in the fourth quarter worth about $256,000. Elevation Point Wealth Partners LLC bought a new stake in Data Storage during the 3rd quarter valued at approximately $186,000. Rothschild Wealth LLC bought a new stake in Data Storage during the 4th quarter valued at approximately $205,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Data Storage by 15.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 37,574 shares of the company’s stock worth $162,000 after acquiring an additional 4,920 shares during the period. Institutional investors own 11.56% of the company’s stock.

About Data Storage

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. The company also provides data protection and recovery solutions, such as ezVault for offsite data protection; ezRecovery for fast data recovery; ezAvailability for real-time data replication with minimal recovery objectives; and ezMirror for data mirroring at the storage level.