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Document Security Systems, Inc. (DSS)

NYSE American - NYSE American Delayed Price. Currency in USD
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2.8000-0.1400 (-4.76%)
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Previous Close2.9400
Open2.9100
Bid2.8000 x 2200
Ask0.0000 x 1000
Day's Range2.7700 - 2.9100
52 Week Range2.6700 - 10.5500
Volume523,528
Avg. Volume3,604,954
Market Cap77.476M
Beta (5Y Monthly)8.89
PE Ratio (TTM)8.95
EPS (TTM)0.3130
Earnings DateMay 12, 2021 - May 17, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est13.75
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • DSS’s Premier Packaging Subsidiary Expands Operations with New 105,000 Sq. Ft. Facility to Meet Growing Customer Demand
    GlobeNewswire

    DSS’s Premier Packaging Subsidiary Expands Operations with New 105,000 Sq. Ft. Facility to Meet Growing Customer Demand

    Premier expects to receive up to $700K in state tax credits to support the moveROCHESTER, N.Y., April 21, 2021 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses in consumer packaging, brand protection technology, blockchain security, direct marketing, healthcare, real estate, renewable energy, and securitized digital assets, today announced its wholly owned subsidiary, Premier Packaging Corporation (“Premier”), will move its operations into a new 105,000 square-foot facility to meet growing customer demand. Premier expects to be operational in the new space, located in the Town of Henrietta, NY, approximately 15 miles from its current operations in Victor, NY, by the end of 2021. For over 25 years, Premier has been a market leader in providing solutions for paperboard packaging from heavy mailing envelops and photo sleeves, to sophisticated custom folding cartons and complex 3-dimensional direct mail solutions. Premier’s innovative designs deliver functionality, marketability, sustainability, and anti-counterfeiting technology. Since taking over in July 2019, the DSS management team has accelerated the transformation of Premier’s operations, investing in new manufacturing equipment, people, and processes to increase its capacity, improve quality and delivery, and ensure it has the horsepower it needs to support its growing customer base and their evolving demands. “Premier’s continued success is the result of our team’s dedication and commitment to quality and customer care. Leading with this customer-centric approach has paved the way for expansion through new business opportunities and continues to strengthen our organization’s culture. We look forward to the next phase of expanding and investing in our products, service, and team,” said Premier President and DSS Chief Operating Officer, Jason Grady. “We are grateful to Empire State Development (“ESD”), Greater Rochester Enterprise, and New York Power Authority for providing Premier with an opportunity to advance our business. As a multinational company we had several options when considering a new location, but with the help of ESD and New York State, we are able to continue to call this area home. The Upstate NY and Finger Lakes region is an ideal place for us to operate our business, service our customer base, and further expand our offerings,” continued Grady. ESD is assisting Premier by providing up to $700,000 in Excelsior Tax Credits in exchange for job creation commitments, with additional assistance commitments to support continued growth from Monroe County and Greater Rochester Enterprise. Todd Macko, interim-CFO of DSS, stated, “This is a key move to support the continued growth and market leadership of Premier. The added benefits of tax credits and other incentives make this an economically advantaged deal as well.” “We continue to build on our momentum amidst growing customer demand,” added Bruce Stratton, VP of Operations at Premier. “We will be able to increase staffing by more than 50% when we begin operations at the new facility later this year. With greater access to major interstates nearby and a closer proximity to the strong Rochester workforce, the new manufacturing operation is well suited to support our aggressive growth plans.” About Premier Packaging CorporationFor over 25 years Premier has been a market leader in providing innovative and secure solutions for printing and packaging. Premier is the Packaging, Security and Commercial Printing division of DSS. With operations based in Victor, NY (moving to Henrietta, NY) and nationwide distribution, Premier services a variety of both nationally and regionally based customers. Premier’s client list includes customers in the direct marketing, medical device, consumer goods, photo marketing and food industries. Premier differentiates itself by being a full service, end-to-end solution provider that is large enough to be a complete resource to its largest clients while still remaining nimble enough to react to ever changing market and customer demands when necessary. For more information, visit https://www.dsssecure.com/packaging/index.html. About Document Security Systems, Inc. DSS is a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets. Its business model is based on a distribution sharing system in which shareholders will receive shares in its subsidiaries as DSS strategically spins them out into IPOs. Its historic business revolves around counterfeit deterrent and authentication technologies, smart packaging, and consumer product engagement. DSS is led by its Chairman and largest shareholder, Mr. Fai Chan, a highly successful global business veteran of more than 40 years specializing in corporate transformation while managing risk. He has successfully restructured more than 35 corporations with a combined value of $25 billion. For more information on DSS visit http://www.dsssecure.com.Investor Contact:Dave Gentry, CEORedChip Companies Inc.407-491-4498Dave@redchip.com Safe Harbor Disclosure This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements related to the Company's intended use of proceeds and other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property matters; competition; as well as other risks described in the section entitled "Risk Factors" in the prospectus and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management's current estimates, projections, expectations, and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

  • DSS Expands its Healthcare Segment through Investment in Vivacitas Oncology
    GlobeNewswire

    DSS Expands its Healthcare Segment through Investment in Vivacitas Oncology

    ROCHESTER, N.Y., April 08, 2021 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced DSS Biomedical International, Inc. (“DSS Biomedical”), a subsidiary of Impact BioMedical, Inc., a wholly owned subsidiary of the Company, completed an equity investment in Vivacitas Oncology, Inc. (“Vivacitas”), a clinical-stage company focused on difficult to treat cancers. Vivacitas was co-founded in 2015 by Dr. Joseph Rubinfeld and Infusion51a with an eye toward redesigning well-known chemotherapies that have already been demonstrated to have beneficial effects, but which may also possess potency, toxicity, stability, and/or pharmacokinetic issues that limit their use. To this end, Vivacitas has been laser-focused on acquiring its three pipeline assets, made possible by leveraging the robust professional network that Dr. Rubinfeld fostered over a lifetime in the industry. As a result, Vivacitas was able to complete the acquisitions of its three major programs within a 12-month period. Contributing to the impressive asset acquisition track record is Vivacitas' partnership with International Infusion Advisors, LLC via its investment arm, Infusion 51A, a relationship that is anchored in a common mission - to develop disruptive technologies aimed at improving the quality of life of cancer patients. Vivacitas' assets are organized into two separate, yet related platforms: a development platform centered around advancing next-generation Camptothecins in various cancers, and an innovation platform focused on applying new formulations and modified chemistries to compounds to potentially improve tolerability and efficacy. “Impact BioMedical continues to demonstrate its commitment to addressing unmet needs in human healthcare and wellness,” stated Frank D. Heuszel, CEO of DSS. “With a rich pipeline of promising assets, Vivacitas provides significant upside potential.” Jeffrey Stephens, Founder, Chief Investment Officer, and Director of Infusion51a and a Vivacitas Oncology Director, said, “Vivacitas Oncology is delighted to welcome Impact BioMedical as a new investor and contributor to our efforts to develop new treatment options for cancer patients.” As part of its equity investment in Vivacitas, DSS Biomedical received the right to appoint two members to the board of directors of Vivacitas. Separately, DSS Biomedical acquired Impact Oncology Pte Ltd (“Impact Oncology”) from Alset EHome International Limited, Inc. The principal assets of Impact Oncology consist of equity in Vivacitas. The Chairman of DSS is also the Chairman of Alset EHome International. About Impact BioMedical, Inc.Impact BioMedical, Inc. ("Impact BioMedical") is a wholly owned subsidiary of DSS and a unique technology source, developer, and business partner in addressing unmet needs in human healthcare and wellness. For more information on Impact BioMedical visit http://impbio.com/. About Document Security Systems, Inc. DSS is a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets. Its business model is based on a distribution sharing system in which shareholders will receive shares in its subsidiaries as DSS strategically spins them out into IPOs. Its historic business revolves around counterfeit deterrent and authentication technologies, smart packaging, and consumer product engagement. DSS is led by its Chairman and largest shareholder, Mr. Fai Chan, a highly successful global business veteran of more than 40 years specializing in corporate transformation while managing risk. He has successfully restructured more than 35 corporations with a combined value of $25 billion. For more information on DSS visit http://www.dsssecure.com.Investor Contact:Dave Gentry, CEORedChip Companies Inc.407-491-4498Dave@redchip.com About Vivacitas Oncology, Inc. A privately held biopharmaceutical company co-founded in 2015 by Dr. Joseph Rubinfeld and Infusion 51a, LP. Vivacitas is focused on acquiring mid-to-late-stage oncology assets with the goal to make the chemotherapy more effective for patients. For further information please visit www.vivaoncology.com. Safe Harbor Disclosure This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements related to the Company's intended use of proceeds and other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property matters; competition; as well as other risks described in the section entitled "Risk Factors" in the prospectus and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management's current estimates, projections, expectations, and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

  • DSS Launches Alset Solar to Develop Utility-Scale Solar Farms at Superfund Sites and Other Underutilized Properties
    GlobeNewswire

    DSS Launches Alset Solar to Develop Utility-Scale Solar Farms at Superfund Sites and Other Underutilized Properties

    ROCHESTER, N.Y., April 07, 2021 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses in consumer packaging, brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced the launch of Alset Solar, Inc. (“Alset Solar”). Alset Solar was formed to pursue development of utility-scale solar farms, providing a clean energy future to polluted or underutilized properties to supplement the power grid or provide small microgrids for independent energy. “Solar energy is a powerful force for good. It has the potential to mitigate climate change, reduce air pollution, expand access to energy for all, and contribute to global economic well-being,” commented Melissa Sims, Director and advisor of Alset Solar. As demand for renewable energies continues to grow in the US, disputes about where to locate solar and wind farms grow more common as well. Large-scale utility farms raise concerns over public land use and transmission loss. Opponents of community scale projects are concerned with visual aesthetics, noise, and property values. Many rural interests would rather see good land being used for agricultural farming than solar farming. If renewables want to maintain a positive reputation, they clearly must look for a way to get around these concerns. The more than 450,000 brownfield sites, 130,000 EPA Superfund sites, and 19 million acres of Bureau of Land Management land with excellent solar energy potential across the nation present a major opportunity to put unwanted, unproductive, dirty land back into use by producing clean electricity. Doing so can even avoid the major concerns various communities have over installing solar farms. “We are actively identifying eligible sites in key markets and will work closely with communities to put these sites back into use and back on the tax rolls,” continued Sims. “By focusing our development efforts on blighted land such as current and former contaminated properties, landfills, and mines, we can transform these underutilized sites into assets, providing land resources for clean energy development and diminishing development pressures on open space.” Sims, an attorney and chair of the environmental division of the national law firm Milberg Coleman Bryson Phillips Grossman, PLLC, brings extensive experience to her role at Alset Solar. She has represented units of local government, including sheriffs, counties, cities, villages, school districts, zoning boards and townships. She has drafted municipal legislation and has represented units of local government in trial, appellate and federal courts. Sims has prosecuted hundreds of municipal ordinance violations for the towns she represented. The late William J. Wimbiscus, Jr., began practicing municipal law in 1950 and she learned from his vast experience in her municipal practice. As a tenacious municipal prosecutor, Melissa utilized a local ordinance against Exxon, CBS, and Viacom for a Superfund site for one of her municipal clients. In that case, she set national precedent before the Seventh Circuit Court of Appeals on whether a non-home rule unit of local government could exercise its nuisance powers during the course of a Superfund cleanup. Following this case, she represented the Village of Roxana, Illinois, against Shell and Conoco Phillips using her DePue precedent and fined the polluters for every lot, street, and alley which contained benzene from the refinery. Both cases settled. “We launched Alset Solar to help lead DSS’s clean energy future with a focus on environmental responsibility and sustainability measures,” stated Frank D. Heuszel, CEO of DSS. “As states push for more renewable energy, developers must consider the environmental and land use impacts of this so-called energy sprawl – the increasing land use footprint of energy development. We are directly addressing these valid concerns by focusing our development efforts on underutilized properties which are appropriate for solar energy and battery storage for microgrids.” Alset Solar is a wholly owned subsidiary of Alset Energy, Inc. (“Alset Energy”), the Company’s holding company for its energy group projects. Alset Energy is currently headquartered in Houston, Texas and is initially seeking market opportunities in the US sunbelt areas, including Texas, Arizona, New Mexico, and Florida. About Document Security Systems, Inc. DSS is a multinational company operating businesses in consumer packaging, brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets. Its business model is based on a distribution sharing system in which shareholders will receive shares in its subsidiaries as DSS strategically spins them out into IPOs. Its historic business revolves around counterfeit deterrent and authentication technologies, smart packaging, and consumer product engagement. DSS is led by its Chairman and largest shareholder, Mr. Fai Chan, a highly successful global business veteran of more than 40 years specializing in corporate transformation while managing risk. He has successfully restructured more than 35 corporations with a combined value of $25 billion. For more information on DSS visit http://www.dsssecure.com. Investor Contact:Dave Gentry, CEORedChip Companies Inc.407-491-4498Dave@redchip.com Safe Harbor Disclosure This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements related to the Company's intended use of proceeds and other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property matters; competition; as well as other risks described in the section entitled "Risk Factors" in the prospectus and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management's current estimates, projections, expectations, and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.