DecisionPoint Systems (NYSEARCA:DPSI) Stock Passes Above 50-Day Moving Average of $8.34

DecisionPoint Systems, Inc. (NYSEARCA:DPSI)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.34 and traded as high as $8.65. DecisionPoint Systems shares last traded at $8.64, with a volume of 2,140 shares changing hands.

DecisionPoint Systems Price Performance

The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $8.39 and a 200-day simple moving average of $6.76. The stock has a market cap of $64.86 million, a price-to-earnings ratio of 19.32 and a beta of 1.71.

Institutional Investors Weigh In On DecisionPoint Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in DecisionPoint Systems by 18.3% in the 1st quarter. Geode Capital Management LLC now owns 44,789 shares of the technology company’s stock valued at $298,000 after acquiring an additional 6,942 shares in the last quarter. IHT Wealth Management LLC acquired a new position in shares of DecisionPoint Systems in the fourth quarter valued at $235,000. State Street Corp lifted its position in DecisionPoint Systems by 17.9% in the first quarter. State Street Corp now owns 21,032 shares of the technology company’s stock worth $140,000 after purchasing an additional 3,200 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in DecisionPoint Systems during the third quarter worth $82,000. Institutional investors and hedge funds own 5.08% of the company’s stock.

About DecisionPoint Systems

DecisionPoint Systems, Inc, through its subsidiaries, designs, consults, and implements mobility-first enterprise solutions and retail solutions centered on point-of-sale systems and services. It provides managed and professional services that enable its customers to implement and manage complex projects; and designs, deploys, and supports mobile computing systems that enable customers to access employers' data networks.