Data Storage (NASDAQ:DTST) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Data Storage Corp. (NASDAQ:DTST)’s share price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $3.07 and traded as low as $2.39. Data Storage shares last traded at $2.94, with a volume of 5,442,677 shares traded.

Analysts Set New Price Targets

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

Data Storage Stock Performance

The company has a 50-day simple moving average of $3.07 and a 200-day simple moving average of $3.62. The company has a market cap of $6.88 million, a price-to-earnings ratio of -3.87 and a beta of 1.28.

Data Storage (NASDAQ:DTST) last issued its earnings results on Friday, August 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.24). The business 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.

Data Storage Corporation primarily serves business customers in the United States.