Document Security Systems, Inc. (NYSEAMERICAN:DSS) shares dropped 7.2% during trading on Wednesday . The stock traded as low as $0.44 and last traded at $0.44. Approximately 733,746 shares changed hands during trading, an increase of 72% from the average daily volume of 427,773 shares. The stock had previously closed at $0.48.
Document Security Systems (NYSEAMERICAN:DSS) last issued its earnings results on Tuesday, May 14th. The business services provider reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The business had revenue of $4.81 million during the quarter.
In other news, Director Heng Fai Ambrose Chan purchased 2,000,000 shares of Document Security Systems stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $0.50 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director now owns 2,002,912 shares in the company, valued at approximately $1,001,456. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have acquired 2,004,362 shares of company stock valued at $1,003,907.
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About Document Security Systems (NYSEAMERICAN:DSS)
Document Security Systems, Inc focuses on developing and selling anti-counterfeiting, product authentication, and brand protection technology solutions. It operates through five segments: DSS Packaging and Printing Group, DSS Plastics Group, DSS Digital Group, DSS and DSS Technology Management, and DSS International.
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