Quantum Corporation Common Stoc (NYSE:QTM):
Quantum Corporation Reports Fiscal Second Quarter 2017 Results.
The company is now down by -9.84 percent from yesterday’s close.
The stock is trading at $0.770 just a bit higher than the 50 day moving average which is $0.77 and a bit higher than the 200 day moving average of $0.57. The 50 day moving average went up by -0.14% and the 200 day average was up $0.20.
As of the last earnings report the EPS was $-0.20 and is projected to be $0.04 for the current year with 270,432,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.01 with next year’s EPS anticipated to be $0.05.
Several analysts have weighed in on QTM of late. On August 25, 2015 Roth Capital initiated coverage on QTM by announcing an initial rating of “Buy” and price target of $1.50. Northland Securities upgraded the stock and raised the price target on May 4 changing the price objective from $1.50 to $3.00 and setting the rating at “Outperform” which had previously been “Market Perform”.
On May 4 the stock rating was upgraded to “Outperform” from “Market Perform” and a price target of $3.00 was set in an announcement from Northland Securities. On June 30, 2014 the stock rating was rated “Buy” according to a Lakestreet Capital report a boost from the previous “Hold” rating.