ValuEngine Lowers Quantum (OTCMKTS:QMCO) to Strong Sell

ValuEngine downgraded shares of Quantum (OTCMKTS:QMCO) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday, ValuEngine reports.

Other equities analysts have also issued research reports about the stock. Craig Hallum initiated coverage on shares of Quantum in a research report on Wednesday, August 7th. They issued a buy rating on the stock. B. Riley began coverage on shares of Quantum in a report on Wednesday, October 16th. They set a buy rating and a $7.25 price objective for the company. Finally, Lake Street Capital raised their target price on shares of Quantum from $5.00 to $7.00 and gave the company a buy rating in a research note on Monday, August 26th.

OTCMKTS QMCO traded up $0.17 on Tuesday, reaching $5.70. The company’s stock had a trading volume of 56,227 shares, compared to its average volume of 126,442. Quantum has a 52 week low of $1.05 and a 52 week high of $6.45. The business has a 50-day moving average price of $5.85 and a 200 day moving average price of $4.61.

Quantum Company Profile

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.

Featured Article: What is the Gross Domestic Product (GDP)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum and related companies with's FREE daily email newsletter.