Shares of Quantum Co. (NASDAQ:QMCO - Get Free Report) fell 3% on Thursday . The stock traded as low as $3.55 and last traded at $3.55. 10,491 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 27,707 shares. The stock had previously closed at $3.66.
Quantum Trading Up 15.8 %
The stock has a market cap of $393.94 million, a PE ratio of -10.02 and a beta of 2.80. The company's 50 day moving average is $3.76 and its 200-day moving average is $7.18.
Quantum (NASDAQ:QMCO - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($40.00) EPS for the quarter, missing the consensus estimate of ($12.00) by ($28.00). The company had revenue of $71.34 million during the quarter, compared to analyst estimates of $72.00 million. As a group, analysts forecast that Quantum Co. will post -3.4 EPS for the current year.
Hedge Funds Weigh In On Quantum
A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC bought a new stake in shares of Quantum Co. (NASDAQ:QMCO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,165 shares of the company's stock, valued at approximately $26,000. Hedge funds and other institutional investors own 63.66% of the company's stock.
About Quantum
(
Get Free Report)
Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.
Read More
Before you consider Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum wasn't on the list.
While Quantum currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
