Quantum Corporation Common Stoc (NYSE:QTM):
Quantum Executes $170 Million Term Loan and Revolving Credit Facility Package.
The company is now down by -9.84% since yesterday’s close of $0.854.
Shares last traded at $0.770 marginally over the 50 day moving average of $0.77 and which is marginally over the 200 day moving average of $0.57. The 50 day moving average was up $0.00 and the 200 day average was up $0.20.
As of the latest earnings report the EPS was $-0.20 and is expected to be $0.04 for the current year with 270,432,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.01 and the next full year EPS is anticipated to be $0.05.
Several brokerages have provided guidance on Quantum Corporation Common Stoc. Roth Capital starting coverage on the stock giving it an initial rating of “Buy” and a price target of $1.50. Equity analyst Northland Securities raised the price target and upgraded the stock on May 4 changing the price target from $1.50 to $3.00 and moving the rating from “Market Perform” to “Outperform”.
On May 4 the company was upgraded from “Market Perform” to “Outperform” with a current price target of $3.00 by Northland Securities. On June 30, 2014 the stock rating was set at “Buy” in a report from Lakestreet Capital a boost from the previous “Hold” rating.