Quantum (OTCMKTS:QMCO) Downgraded by ValuEngine to Strong Sell

ValuEngine lowered shares of Quantum (OTCMKTS:QMCO) from a sell rating to a strong sell rating in a report published on Tuesday, ValuEngine reports.

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

QMCO opened at $5.80 on Tuesday. The firm has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $4.58. Quantum has a 52 week low of $1.05 and a 52 week high of $6.45.

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 Story: Earnings Reports

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 MarketBeat.com's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit