Document Security Systems, Inc. (NYSEAMERICAN:DSS) shares rose 6.9% on Tuesday . The stock traded as high as $0.33 and last traded at $0.31, approximately 445,400 shares traded hands during mid-day trading. An increase of 196% from the average daily volume of 150,231 shares. The stock had previously closed at $0.29.
Separately, Aegis initiated coverage on shares of Document Security Systems in a research note on Thursday, October 10th. They issued a “buy” rating for the company.
Document Security Systems (NYSEAMERICAN:DSS) last issued its earnings results on Thursday, November 14th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The company had revenue of $3.53 million for the quarter, compared to analysts’ expectations of $4.95 million.
A hedge fund recently raised its stake in Document Security Systems stock. Vanguard Group Inc. grew its stake in Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,897 shares of the business services provider’s stock after purchasing an additional 26,740 shares during the quarter. Vanguard Group Inc. owned approximately 0.91% of Document Security Systems worth $82,000 as of its most recent SEC filing.
About Document Security Systems (NYSEAMERICAN:DSS)
Document Security Systems, Inc focuses on developing and selling anti-counterfeiting, product authentication, and brand protection technology solutions. It operates through five segments: DSS Packaging and Printing Group, DSS Plastics Group, DSS Digital Group, DSS and DSS Technology Management, and DSS International.
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