Document Security Systems, Inc. (DSS) Shares Up 23.6% Following Insider Buying Activity
Document Security Systems, Inc. (NYSEAMERICAN:DSS)’s share price shot up 23.6% on Tuesday following insider buying activity. The company traded as high as $1.11 and last traded at $0.89. 714,400 shares changed hands during mid-day trading, an increase of 891% from the average session volume of 72,114 shares. The stock had previously closed at $0.72.
Specifically, Director Heng Fai Ambrose Chan bought 800,000 shares of the stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $0.75 per share, for a total transaction of $600,000.00. Following the completion of the transaction, the director now owns 2,611 shares of the company’s stock, valued at approximately $1,958.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Ronaldi bought 136,400 shares of the stock in a transaction on Friday, November 17th. The shares were bought at an average price of $0.67 per share, for a total transaction of $91,388.00. Following the completion of the transaction, the chief executive officer now directly owns 431,703 shares of the company’s stock, valued at approximately $289,241.01. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 948,300 shares of company stock valued at $700,075.
Document Security Systems (NYSEAMERICAN:DSS) last issued its quarterly earnings data on Tuesday, November 14th. The business services provider reported ($0.02) earnings per share for the quarter. Document Security Systems had a negative net margin of 6.85% and a negative return on equity of 33.68%. The firm had revenue of $4.20 million during the quarter.
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Document Security Systems Company Profile
Document Security Systems, Inc (DSS) is a developer and marketer of secure technologies. The Company specializes in fraud and counterfeit protection for various forms of printed documents and digital information. It operates through four segments: DSS Packaging and Printing Group, which produces custom paperboard packaging; Plastic Printing Professionals, Inc (DSS Plastics Group), which manufactures laminated and surface printed cards; ExtraDev, Inc (DSS Digital Group), which provides data center centric solutions to businesses and governments delivered through the cloud, and DSS Technology Management, Inc (DSS Technology Management), which acquires or internally develops technology or intellectual property assets.
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