Document Security Systems (NYSEAMERICAN:DSS) Cut to “D” at TheStreet – Tech Know Bits

Document Security Systems (NYSEAMERICAN:DSS) was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating in a note issued to investors on Wednesday, August 21st, TheStreetRatingsTable reports.

Shares of Document Security Systems stock opened at $0.40 on Wednesday. Document Security Systems has a 1-year low of $0.34 and a 1-year high of $1.99.

Document Security Systems (NYSEAMERICAN:DSS) last posted its quarterly earnings results on Tuesday, August 13th. The business services provider reported ($0.05) EPS for the quarter. The company had revenue of $4.11 million during the quarter, compared to analyst estimates of $4.80 million.

In other news, Director Heng Fai Ambrose Chan bought 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $0.50 per share, with a total value of $1,000,000.00. Following the completion of the acquisition, the director now directly owns 2,002,912 shares in the company, valued at $1,001,456. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently raised its stake in Document Security Systems stock. Vanguard Group Inc. raised its stake in shares of Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,897 shares of the business services provider’s stock after buying an additional 26,740 shares during the period. Vanguard Group Inc. owned about 0.91% of Document Security Systems worth $82,000 as of its most recent SEC filing.

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About Document Security Systems

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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