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.

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

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