Document Security Systems, Inc. (NYSEAMERICAN:DSS) shares were up 23.6% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $1.11 and last traded at $0.89. Approximately 714,400 shares traded hands during mid-day trading, an increase of 891% from the average daily volume of 72,114 shares. The stock had previously closed at $0.72.

Specifically, Director Heng Fai Ambrose Chan acquired 800,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $0.75 per share, with a total value of $600,000.00. Following the completion of the acquisition, the director now owns 2,611 shares of the company’s stock, valued at $1,958.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Ronaldi acquired 136,400 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $0.67 per share, for a total transaction of $91,388.00. Following the completion of the acquisition, the chief executive officer now directly owns 431,703 shares of the company’s stock, valued at approximately $289,241.01. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 948,300 shares of company stock valued at $700,075.

Document Security Systems (NYSEAMERICAN:DSS) last posted its earnings results on Tuesday, November 14th. The business services provider reported ($0.02) EPS for the quarter. The company had revenue of $4.20 million for the quarter. Document Security Systems had a negative return on equity of 33.68% and a negative net margin of 6.85%.

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Document Security Systems Company Profile

Document Security Systems, Inc (DSS) is a developer and marketer of secure technologies. The Company specializes in fraud and counterfeit protection for various forms of printed documents and digital information. It operates through four segments: DSS Packaging and Printing Group, which produces custom paperboard packaging; Plastic Printing Professionals, Inc (DSS Plastics Group), which manufactures laminated and surface printed cards; ExtraDev, Inc (DSS Digital Group), which provides data center centric solutions to businesses and governments delivered through the cloud, and DSS Technology Management, Inc (DSS Technology Management), which acquires or internally develops technology or intellectual property assets.

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