Data Storage Corp. (NASDAQ:DTST – Get Free Report)’s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $3.07 and traded as low as $2.39. Data Storage shares last traded at $2.94, with a volume of 5,442,677 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Research Report on DTST
Data Storage Stock Down 5.5%
The stock has a fifty day moving average of $3.07 and a 200-day moving average of $3.62. The stock has a market cap of $6.88 million, a PE ratio of -3.87 and a beta of 1.28.
Data Storage (NASDAQ:DTST – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.24). The company had revenue of $0.36 million during the quarter, compared to analyst estimates of $0.40 million. Data Storage had a net margin of 1,247.09% and a negative return on equity of 5.48%.
About Data Storage
Data Storage Corporation provides cloud-based data management and information technology services for businesses. Its offerings are designed to help organizations protect, store, access and recover critical business data while supporting operational continuity.
The company’s services include cloud backup, disaster recovery, cloud storage, managed hosting and related infrastructure solutions. It also provides technology support intended to improve data security, system availability and recovery capabilities in the event of equipment failure, cyber incidents or other disruptions.
Data Storage Corporation primarily serves business customers in the United States.
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