Quantum (OTCMKTS:QMCO) Rating Reiterated by B. Riley

Quantum (OTCMKTS:QMCO)‘s stock had its “buy” rating restated by analysts at B. Riley in a report released on Thursday, TipRanks reports. They currently have a $7.75 target price on the stock. B. Riley’s target price points to a potential upside of 24.00% from the stock’s previous close.

Other research analysts also recently issued reports about the company. ValuEngine downgraded Quantum from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Lake Street Capital increased their price target on Quantum from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, August 26th.

QMCO opened at $6.25 on Thursday. The business’s 50-day moving average is $5.84 and its two-hundred day moving average is $4.73. Quantum has a 1 year low of $1.05 and a 1 year high of $6.45.

In other news, major shareholder Br Dialectic Capital Managemen sold 969,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $5.75, for a total transaction of $5,576,925.00. 18.60% of the stock is currently owned by company insiders.

About Quantum

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.

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