Data Storage (NASDAQ:DTST) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Data Storage Corp. (NASDAQ:DTST)’s share price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $3.04 and traded as low as $2.76. Data Storage shares last traded at $2.8950, with a volume of 23,816 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Data Storage Price Performance

The company has a market capitalization of $6.77 million, a P/E ratio of -3.81 and a beta of 1.28. The business has a 50-day moving average of $3.04 and a 200-day moving average of $3.57.

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

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.