Data Storage (NASDAQ:DTST) Upgraded to Hold at Wall Street Zen

Data Storage (NASDAQ:DTST) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms have also weighed in on DTST. Maxim Group lowered Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. UBS Group started coverage on Data Storage in a report on Wednesday, July 16th. They set a “sell” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Data Storage in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Data Storage Stock Up 0.5%

NASDAQ:DTST opened at $4.16 on Friday. Data Storage has a 12-month low of $2.93 and a 12-month high of $5.44. The firm has a market capitalization of $30.20 million, a P/E ratio of -103.97 and a beta of 1.01. The stock’s fifty day simple moving average is $4.37 and its 200-day simple moving average is $4.11.

Data Storage (NASDAQ:DTST) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07). Data Storage had a negative return on equity of 1.42% and a negative net margin of 1.17%.The company had revenue of $5.15 million during the quarter, compared to the consensus estimate of $6.20 million.

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.