Craig Hallum initiated coverage on shares of Quantum (OTCMKTS:QMCO) in a research report sent to investors on Wednesday, The Fly reports. The brokerage issued a buy rating on the stock.
Separately, Lake Street Capital raised shares of Quantum from a hold rating to a buy rating and set a $5.00 target price for the company in a report on Wednesday.
Shares of Quantum stock opened at $5.09 on Wednesday. The business’s fifty day simple moving average is $3.08. Quantum has a 1 year low of $1.05 and a 1 year high of $5.22.
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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