Document Security Systems (NYSEAMERICAN:DSS) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS – TechNewsObserver

Document Security Systems (NYSEAMERICAN:DSS) released its earnings results on Thursday. The business services provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03), Fidelity Earnings reports. The firm had revenue of $3.53 million for the quarter, compared to the consensus estimate of $4.95 million.

Shares of DSS traded down $0.03 during midday trading on Friday, hitting $0.29. The company had a trading volume of 214,652 shares, compared to its average volume of 353,806. Document Security Systems has a 52 week low of $0.25 and a 52 week high of $1.99.

In other Document Security Systems news, Director Heng Fai Ambrose Chan purchased 6,000,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $0.30 per share, with a total value of $1,800,000.00. Following the acquisition, the director now owns 2,077,682 shares of the company’s stock, valued at approximately $623,304.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Several research firms have recently weighed in on DSS. Aegis began coverage on shares of Document Security Systems in a research report on Thursday, October 10th. They issued a “buy” rating for the company. TheStreet downgraded shares of Document Security Systems from a “c-” rating to a “d” rating in a research report on Wednesday, August 21st.

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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Earnings History for Document Security Systems (NYSEAMERICAN:DSS)

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