Data Storage (NASDAQ:DTST) Shares Down 8% – Time to Sell?

Data Storage Co. (NASDAQ:DTST) shares dropped 8% on Monday . The stock traded as low as $4.26 and last traded at $4.36. Approximately 48,340 shares changed 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 Down 0.7 %

The business has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.21. The stock has a market cap of $31.42 million, a P/E ratio of 224.00 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Data Storage in the third quarter worth $46,000. Hilltop Holdings Inc. bought a new stake in Data Storage during the third quarter worth about $73,000. Finally, Renaissance Technologies LLC raised its position in Data Storage by 79.8% in 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 during the last quarter. 11.56% of the stock is owned by 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.