Data Storage (NASDAQ:DTST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Data Storage (NASDAQ:DTST) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other analysts have also recently commented on DTST. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. Maxim Group downgraded Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Sell”.

Data Storage Trading Down 3.3%

Shares of Data Storage stock opened at $4.26 on Friday. The firm’s 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $4.19. The firm has a market capitalization of $30.89 million, a price-to-earnings ratio of 1.99 and a beta of 1.13. Data Storage has a 12-month low of $2.93 and a 12-month high of $5.44.

Data Storage (NASDAQ:DTST) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.16. The business had revenue of $0.42 million during the quarter, compared to the consensus estimate of $0.40 million. Data Storage had a net margin of 81.52% and a negative return on equity of 1.13%.

Hedge Funds Weigh In On Data Storage

An institutional investor recently bought a new position in Data Storage stock. Elevation Point Wealth Partners LLC bought a new position in shares of Data Storage Corp. (NASDAQ:DTST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 43,100 shares of the company’s stock, valued at approximately $186,000. Elevation Point Wealth Partners LLC owned 0.59% of Data Storage as of its most recent SEC filing. Institutional investors and hedge funds own 11.56% of the company’s stock.

Data Storage Company Profile

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.