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

Shares of Data Storage Corp. (NASDAQ:DTST) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded 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 data from MarketBeat.com, Data Storage has an average rating of “Sell”.

Data Storage Price Performance

The stock has a market cap of $6.65 million, a PE ratio of -3.74 and a beta of 1.28. The business has a fifty day moving average of $3.04 and a 200-day moving average of $3.56.

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

Data Storage Company Profile

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.