Document Security Systems (NYSEAMERICAN:DSS) Stock Crosses Above Fifty Day Moving Average of $0.00

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Document Security Systems, Inc. (NYSEAMERICAN:DSS) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $4.95. Document Security Systems shares last traded at $4.67, with a volume of 116,900 shares trading hands.

Separately, Aegis assumed coverage on shares of Document Security Systems in a research report on Wednesday, June 24th. They issued a “buy” rating and a $14.00 price target for the company.

Document Security Systems (NYSEAMERICAN:DSS) last issued its earnings results on Friday, August 14th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.36. The company had revenue of $3.13 million for the quarter, compared to the consensus estimate of $4.39 million.

In other news, major shareholder Document Security Systems Inc purchased 30,000,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average cost of $0.08 per share, with a total value of $2,400,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired 41,039,785 shares of company stock worth $3,287,161 over the last ninety days.

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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