Document Security Systems (NYSEAMERICAN:DSS) Stock Price Down 7.2%

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.

A hedge fund recently raised its stake in Document Security Systems stock. Renaissance Technologies LLC boosted its stake in Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,430 shares of the business services provider’s stock after acquiring an additional 10,900 shares during the period. Renaissance Technologies LLC owned 1.31% of Document Security Systems worth $306,000 at the end of the most recent quarter.

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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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