Decisionpoint Systems (OTCMKTS:DPSI) Share Price Crosses Below 50 Day Moving Average of $8.62

Decisionpoint Systems, Inc. (OTCMKTS:DPSI – Get Rating) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.62 and traded as low as $8.54. Decisionpoint Systems shares last traded at $9.16, with a volume of 63,343 shares traded.

Decisionpoint Systems Price Performance

The firm has a market capitalization of $66.77 million, a PE ratio of 36.64 and a beta of 1.80. The business has a 50-day moving average of $8.62 and a 200 day moving average of $6.93. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.01.

Decisionpoint Systems (OTCMKTS:DPSI – Get Rating) last released its quarterly earnings results on Monday, November 14th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $25.71 million during the quarter, compared to analyst estimates of $20.95 million. Decisionpoint Systems had a return on equity of 11.71% and a net margin of 2.22%. As a group, research analysts anticipate that Decisionpoint Systems, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity at Decisionpoint Systems

In related news, CEO Steven F. Smith sold 7,900 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $9.39, for a total value of $74,181.00. Following the completion of the sale, the chief executive officer now directly owns 561,809 shares of the company’s stock, valued at approximately $5,275,386.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Steven F. Smith sold 7,900 shares of the firm’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $9.39, for a total transaction of $74,181.00. Following the completion of the sale, the chief executive officer now directly owns 561,809 shares of the company’s stock, valued at approximately $5,275,386.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Steven F. Smith sold 12,688 shares of the firm’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $8.63, for a total value of $109,497.44. Following the sale, the chief executive officer now directly owns 569,709 shares of the company’s stock, valued at $4,916,588.67. The disclosure for this sale can be found here. 23.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Decisionpoint Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Perritt Capital Management Inc. purchased a new stake in shares of Decisionpoint Systems during the 3rd quarter valued at approximately $255,000. State Street Corp purchased a new stake in shares of Decisionpoint Systems during the 2nd quarter valued at approximately $63,000. Merit Financial Group LLC purchased a new stake in shares of Decisionpoint Systems during the 3rd quarter valued at approximately $96,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Decisionpoint Systems during the 3rd quarter valued at approximately $82,000. Institutional investors own 4.25% of the company’s stock.

About Decisionpoint Systems

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Decisionpoint Systems, Inc provides and integrates enterprise mobility and wireless applications solutions that delivers improved productivity and operational advantages to its clients by helping to move business decision points closer to its customers. It makes enterprise software applications accessible to the front-line worker anytime, anywhere.