DecisionPoint Systems (NYSEARCA:DPSI) Stock Price Passes Above 50-Day Moving Average of $8.34

DecisionPoint Systems, Inc. (NYSEARCA:DPSIGet Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.34 and traded as high as $8.65. DecisionPoint Systems shares last traded at $8.64, with a volume of 2,140 shares trading hands.

DecisionPoint Systems Stock Performance

The firm has a market capitalization of $65.92 million, a PE ratio of 19.64 and a beta of 1.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.81. The firm has a fifty day moving average price of $8.34 and a 200 day moving average price of $6.73.

Institutional Investors Weigh In On DecisionPoint Systems

Several hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in DecisionPoint Systems by 14.1% in the 3rd quarter. State Street Corp now owns 17,832 shares of the technology company’s stock worth $114,000 after acquiring an additional 2,200 shares in the last quarter. Geode Capital Management LLC lifted its stake in DecisionPoint Systems by 18.3% in the 1st quarter. Geode Capital Management LLC now owns 44,789 shares of the technology company’s stock worth $298,000 after acquiring an additional 6,942 shares in the last quarter. Citadel Advisors LLC purchased a new stake in DecisionPoint Systems in the 3rd quarter worth about $82,000. Finally, IHT Wealth Management LLC purchased a new stake in DecisionPoint Systems in the 4th quarter worth about $235,000. 5.08% of the stock is owned by hedge funds and other institutional investors.

About DecisionPoint Systems

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DecisionPoint Systems, Inc, through its subsidiaries, designs, consults, and implements mobility-first enterprise solutions and retail solutions centered on point-of-sale systems and services. It provides managed and professional services that enable its customers to implement and manage complex projects; and designs, deploys, and supports mobile computing systems that enable customers to access employers' data networks.

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