HomeEquities ScoreWhy Document Security Systems Inc. (DSS) stock lost its momentum in the...

Why Document Security Systems Inc. (DSS) stock lost its momentum in the after-hours on Monday?

Document Security Systems Inc. shares lost 0.39% in after-hours on Monday, January 03, 2022, and closed the daily trading at $0.74. However, in the regular trading session of Monday, DSS’s stock gained 11.04%. DSS shares have fallen 88.12% over the last 12 months, and they have moved up 0.84% in the past week. Over the past three months, the stock has lost 38.33%, while over the past six months, it has declined 56.62%.

Let’ have a brief discussion about its recent news.


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DSS expanded its Premier Packaging subsidiary

On December 22, 2021, Document Security Systems Inc. (DSS), announced the facility expansion of its Premier Packaging Corporation subsidiary, which is nearly completed with operations expected to begin at the new facility on February 1, 2022.

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For over 25 years, Premier has been a market leader in providing solutions for paperboard packaging. The new management team has accelerated the transformation of Premier’s operations, investing in the new state-of-the-art manufacturing equipment, people, and processes to increase its capacity, so that Premier’s innovative design team will deliver packaging that provides functionality, marketability, security, and sustainability.

DSS subsidiary’s exceptional performance

On December 20, 2021, Document Security Systems Inc. announced that its American Pacific Bancorp, Inc. subsidiary has issued nearly $20 million in new loans since September 2021.

DSS owns more than 50% of APB’s outstanding shares of common stock. APB’s target customers are businesses with annual revenues of $5 million to $50+ million, including manufacturers, wholesalers, retailers, distributors, importers, and service companies.

DSS new office

On December 15, 2021, Document Security Systems Inc. (DSS), opened a new office in Sacramento, California to serve as the home office for DSS Wealth Management Inc. and DSS America First Quantitative Funds.

Participation in a recent event

Document Security Systems Inc recently participated in the online Emerging Growth Conference which was held on December 8, 2021, at 2:30 p.m. ET. The company was presented by CEO Frank D. Heuszel, COO Jason Grady, and CFO Todd Macko.

DSS entered into the quantitative investment fund arena

On November 30, 2021, Document Security Systems Inc. launched DSS America First Quantitative Funds.

The American Quantitative Funds was established through shareholder approval and is a suite of mutual funds managed by DSS Wealth Management, Inc. that expects to expand into numerous investment platforms including additional mutual funds, exchange-traded funds, unit investment trusts, and closed-end funds.

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Conclusion

Document Security Systems stock faced a minor decline in the after-hours after early good gains in the regular trading session on Monday. Though there was no reason for its gains as well, we hope that it will continue its performance on Tuesday as well.

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