Data Storage (NASDAQ:DTST) Stock Passes Above 50 Day Moving Average – Here’s Why

Data Storage Co. (NASDAQ:DTST)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.95 and traded as high as $4.74. Data Storage shares last traded at $4.63, with a volume of 31,449 shares changing hands.

Data Storage Stock Down 2.5 %

The company has a 50 day moving average of $3.95 and a 200 day moving average of $4.65. The stock has a market capitalization of $32.47 million, a price-to-earnings ratio of 231.50 and a beta of 0.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DTST. XTX Topco Ltd acquired a new position in Data Storage during the third quarter worth approximately $46,000. Hilltop Holdings Inc. acquired a new position in shares of Data Storage in the 3rd quarter valued at $73,000. Finally, Renaissance Technologies LLC grew its stake in shares of Data Storage by 79.8% during the 2nd quarter. Renaissance Technologies LLC now owns 89,900 shares of the company’s stock valued at $590,000 after buying an additional 39,900 shares during the period. 11.56% of the stock is currently owned by hedge funds and other institutional investors.

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.