Data Storage (NASDAQ:DTST) Stock Price Up 4.4%

Shares of Data Storage Co. (NASDAQ:DTST) rose 4.4% during mid-day trading on Monday . The stock traded as high as $6.52 and last traded at $6.39. Approximately 185,471 shares traded hands during trading, an increase of 46% from the average daily volume of 127,453 shares. The stock had previously closed at $6.12.

Data Storage Price Performance

The company’s 50-day moving average price is $6.42 and its 200-day moving average price is $5.21. The company has a market cap of $44.54 million, a P/E ratio of 71.01 and a beta of 0.75.

Data Storage (NASDAQ:DTST) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. Data Storage had a net margin of 2.61% and a return on equity of 3.48%. The company had revenue of $8.24 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Data Storage stock. Acadian Asset Management LLC bought a new stake in Data Storage Co. (NASDAQ:DTST) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,231 shares of the company’s stock, valued at approximately $206,000. Acadian Asset Management LLC owned approximately 0.52% of Data Storage at the end of the most recent quarter. 11.56% of the stock is owned by hedge funds and other institutional investors.

About Data Storage

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.