DecisionPoint Systems (NYSEARCA:DPSI) Shares Cross Above 50-Day Moving Average of $8.34

DecisionPoint Systems, Inc. (NYSEARCA:DPSI) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.34 and traded as high as $8.65. DecisionPoint Systems shares last traded at $8.64, with a volume of 2,140 shares trading hands.

DecisionPoint Systems Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The firm has a market cap of $64.86 million, a PE ratio of 19.32 and a beta of 1.71. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $6.76.

Institutional Investors Weigh In On DecisionPoint Systems

Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in DecisionPoint Systems by 14.1% in the third quarter. State Street Corp now owns 17,832 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,200 shares in the last quarter. Geode Capital Management LLC raised its stake in DecisionPoint Systems by 18.3% during the first quarter. Geode Capital Management LLC now owns 44,789 shares of the technology company’s stock valued at $298,000 after buying an additional 6,942 shares in the last quarter. Citadel Advisors LLC bought a new position in DecisionPoint Systems during the 3rd quarter worth approximately $82,000. Finally, IHT Wealth Management LLC bought a new stake in shares of DecisionPoint Systems in the 4th quarter valued at approximately $235,000. 5.08% of the stock is owned by institutional investors and hedge funds.

About DecisionPoint Systems

DecisionPoint Systems, Inc, through its subsidiaries, designs, consults, and implements mobility-first enterprise solutions and retail solutions centered on point-of-sale systems and services. It provides managed and professional services that enable its customers to implement and manage complex projects; and designs, deploys, and supports mobile computing systems that enable customers to access employers' data networks.