Quantum (QTM) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Quantum (NYSE:QTM) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Separately, Zacks Investment Research lowered Quantum from a hold rating to a strong sell rating in a report on Thursday, December 7th.

Shares of Quantum (QTM) opened at $4.17 on Tuesday. Quantum has a twelve month low of $3.42 and a twelve month high of $9.20. The stock has a market capitalization of $142.16, a PE ratio of -17.37, a P/E/G ratio of 2.56 and a beta of 2.17. The company has a current ratio of 0.78, a quick ratio of 0.56 and a debt-to-equity ratio of -0.57.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new stake in Quantum during the third quarter worth about $553,000. GSA Capital Partners LLP increased its position in Quantum by 26.8% during the third quarter. GSA Capital Partners LLP now owns 121,017 shares of the technology company’s stock worth $741,000 after buying an additional 25,600 shares during the last quarter. Jane Street Group LLC acquired a new position in Quantum during the third quarter worth approximately $147,000. TIAA CREF Investment Management LLC acquired a new position in Quantum during the second quarter worth approximately $750,000. Finally, Teachers Advisors LLC acquired a new position in Quantum during the second quarter worth approximately $391,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

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Quantum Company Profile

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

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

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