Data Storage (NASDAQ:DTST) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Data Storage Co. (NASDAQ:DTST)’s stock price crossed 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 trading hands.

Data Storage Trading Down 2.5 %

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DTST. Renaissance Technologies LLC grew its holdings in 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 purchasing an additional 39,900 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in Data Storage in the 3rd quarter worth $73,000. Finally, XTX Topco Ltd purchased a new position in Data Storage in the 3rd quarter valued at about $46,000. 11.56% of the stock is owned by institutional investors and hedge funds.

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.