Perritt Capital Management Inc Increases Stock Holdings in Data Storage Co. (NASDAQ:DTST)

Perritt Capital Management Inc lifted its position in Data Storage Co. (NASDAQ:DTST) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Perritt Capital Management Inc owned approximately 0.50% of Data Storage worth $148,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DTST. LPL Financial LLC purchased a new stake in Data Storage during the 4th quarter valued at approximately $103,000. Hilltop Holdings Inc. purchased a new position in Data Storage in the third quarter valued at about $73,000. Finally, XTX Topco Ltd acquired a new position in Data Storage during the third quarter worth $46,000. 11.56% of the stock is currently owned by hedge funds and other institutional investors.

Data Storage Stock Up 1.1 %

Data Storage stock opened at $3.67 on Wednesday. Data Storage Co. has a 52 week low of $3.24 and a 52 week high of $8.00. The firm has a market capitalization of $25.74 million, a PE ratio of 183.50 and a beta of 0.81. The firm’s 50-day simple moving average is $3.94 and its 200 day simple moving average is $4.00.

Data Storage (NASDAQ:DTST) last issued its quarterly earnings results on Monday, March 31st. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $6.41 million during the quarter, compared to the consensus estimate of $6.20 million. Data Storage had a net margin of 0.64% and a return on equity of 0.79%.

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.