Zacks Investment Research downgraded Quantum Corp (NYSE:QTM) to Hold in a report released today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded Quantum Corp (NYSE:QTM) to Hold in a statement released on 09/28/2016.
Previously on 8/25/2016, Roth Capital released a statement for Quantum Corp (NYSE:QTM) raised the target price from $0.00 to $1.50. At the time, this indicated a possible upside of 1.54%.
Displaying a price of $0.76, Quantum Corp (NYSE:QTM) traded -1.81% lower on the day. With the last close up 37.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. Quantum Corp has recorded a 50-day average of $0.68 and a two hundred day average of $0.54. 689,791 shares of QTM traded hands, down from an avg. volume of 879,475
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Quantum Corp has 52 week low of $0.35 and a 52 week high of $1.05 and has a market capitalization of $0.
More About Quantum Corp (NYSE:QTM)
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company's end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. It works with a network of distributors, value-added resellers (VARs), direct marketing resellers (DMRs), original equipment manufacturers (OEMs) and other suppliers to meet customers' evolving needs. Its scale-out storage portfolio includes StorNext software, appliances and full systems called StorNext Pro Solutions, as well as Xcellis workflow storage, QXS disk storage, Lattus extended online storage and Q-Cloud Archive and Vault services. Its StorNext offerings enable customers to manage large unstructured data sets in an information workflow.
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