Quantum Corporation Common Stoc (NYSE:QTM):
Quantum Corporation Reports Fiscal Second Quarter 2017 Results.
The company is trading down by -9.84% since yesterday’s close of $0.854.
Company shares last traded at $0.770 just a bit higher than $0.77, the 50 day moving average and which is just a bit higher than the 200 day moving average of $0.57. The 50 day moving average was up $0.00 and the 200 day average went up $0.20 or +35.73%.
As of the latest earnings report the EPS was $-0.20 and is projected to be $0.04 for the current year with 270,432,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.01 with next year’s EPS projected to be $0.05.
Several brokerage firms have released opinions on QTM recently. Equity analyst Roth Capital started coverage by announcing an initial rating of “Buy” and projecting a price target of $1.50. Equity analyst Northland Securities raised the price target and upgraded the stock on May 4 boosting the price target from $1.50 to $3.00 and altering the rating from “Market Perform” to “Outperform”.
On May 4 the company was upgraded from “Market Perform” to “Outperform” and a price target of $3.00 was set in a report from Northland Securities. On June 30 the company was changed to a “Buy” by Lakestreet Capital up from the previous “Hold” rating.