Quantum Co. (OTCMKTS:QMCO) CFO J Michael Dodson sold 33,999 shares of the company’s stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of $5.63, for a total value of $191,414.37. Following the completion of the sale, the chief financial officer now owns 539,155 shares of the company’s stock, valued at approximately $3,035,442.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
QMCO stock opened at $6.12 on Friday. Quantum Co. has a 52-week low of $1.26 and a 52-week high of $8.52. The business has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $5.02.
Quantum (OTCMKTS:QMCO) last posted its earnings results on Wednesday, October 28th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.07. The firm had revenue of $85.82 million during the quarter, compared to the consensus estimate of $83.00 million. Quantum had a negative net margin of 2.58% and a negative return on equity of 1.24%. On average, analysts forecast that Quantum Co. will post -0.05 EPS for the current year.
QMCO has been the topic of a number of research analyst reports. Zacks Investment Research raised Quantum from a “sell” rating to a “hold” rating in a research report on Thursday, October 29th. Lake Street Capital raised their price target on Quantum from $7.00 to $8.00 in a report on Friday, December 11th.
Quantum Company Profile
Quantum Corporation provides products for storing and managing digital video and video-like data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades.
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