Quantum Corporation (NASDAQ:QMCO - Get Free Report)'s share price rose 1.6% on Tuesday . The stock traded as high as $9.21 and last traded at $9.16. Approximately 661,385 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,615,716 shares. The stock had previously closed at $9.02.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets reiterated a "buy" rating on shares of Quantum in a research report on Wednesday, June 18th.
Get Our Latest Analysis on Quantum
Quantum Stock Performance
The business has a 50 day simple moving average of $10.16 and a 200 day simple moving average of $14.32.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its stake in shares of Quantum by 87.8% in the first quarter. Allianz Asset Management GmbH now owns 962,127 shares of the company's stock valued at $13,835,000 after acquiring an additional 449,711 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Quantum by 125,408.3% in the fourth quarter. Bank of America Corp DE now owns 75,305 shares of the company's stock valued at $4,060,000 after acquiring an additional 75,245 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Quantum in the fourth quarter valued at $3,020,000. Jane Street Group LLC acquired a new stake in shares of Quantum in the fourth quarter valued at $1,812,000. Finally, Virtu Financial LLC acquired a new stake in Quantum in the first quarter valued at $284,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.
Quantum Company Profile
(
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.
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