Data Storage (NASDAQ:DTST) Shares Down 8% – What’s Next?

Data Storage Co. (NASDAQ:DTST)’s stock price dropped 8% during trading on Monday . The stock traded as low as $4.26 and last traded at $4.36. Approximately 48,340 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 71,171 shares. The stock had previously closed at $4.74.

Data Storage Stock Performance

The firm has a market cap of $31.42 million, a PE ratio of 224.00 and a beta of 0.77. The firm’s 50-day moving average price is $4.40 and its two-hundred day moving average price is $4.21.

Hedge Funds Weigh In On Data Storage

A number of hedge funds and other institutional investors have recently made changes to their positions in DTST. Renaissance Technologies LLC boosted its holdings in Data Storage by 79.8% during the second quarter. Renaissance Technologies LLC now owns 89,900 shares of the company’s stock worth $590,000 after buying an additional 39,900 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of Data Storage in the third quarter valued at $73,000. Finally, XTX Topco Ltd purchased a new position in shares of Data Storage during the 3rd quarter worth about $46,000. Hedge funds and other institutional investors 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.