Data Storage (NASDAQ:DTST) Lowered to Sell Rating by Wall Street Zen

Data Storage (NASDAQ:DTST) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also recently commented on DTST. UBS Group started coverage on shares of Data Storage in a report on Wednesday, July 16th. They issued a “sell” rating for the company. Maxim Group cut Data Storage from a “buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Data Storage Stock Performance

Shares of DTST opened at $4.17 on Friday. The company’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $4.13. The stock has a market capitalization of $30.27 million, a PE ratio of -104.22 and a beta of 0.98. Data Storage has a 1 year low of $2.93 and a 1 year high of $5.44.

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

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.