DecisionPoint Systems (NYSEARCA:DPSI) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

DecisionPoint Systems, Inc. (NYSEARCA:DPSI)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.23 and traded as low as $10.23. DecisionPoint Systems shares last traded at $10.23, with a volume of 0 shares trading hands.

DecisionPoint Systems Stock Performance

The company has a fifty day moving average of $10.23 and a 200-day moving average of $10.03. 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 company has a market capitalization of $78.02 million, a price-to-earnings ratio of 23.24 and a beta of 1.71.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DecisionPoint Systems stock. Gabelli Funds LLC purchased a new stake in DecisionPoint Systems, Inc. (NYSEARCA:DPSI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 212,000 shares of the technology company’s stock, valued at approximately $2,162,000. Gabelli Funds LLC owned approximately 2.78% of DecisionPoint Systems at the end of the most recent reporting period. 5.08% of the stock is owned by institutional investors and hedge funds.

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.