Quantum Corporation (NASDAQ:QMCO) traded at a new 52-week high today of $9.20. This new high was reached on below average trading volume as 224,000 shares traded hands, while the average 30-day volume is approximately 555,000 shares.
Quantum Corporation (NASDAQ:QMCO) is currently priced 70.3% above its average consensus analyst price target of $2.69.
Over the past year, Quantum Corporation has traded in a range of $1.26 to $9.20 and is now at $9.04, 617% above that low.
Quantum Corp is a United States-based company engaged in providing scale-out storage, archive, and data protection for small businesses and large multinational enterprises. Its solutions capture, share, manage and preserve digital assets throughout the data lifecycle. The scale-out portfolio offerings enable customers to manage large unstructured data sets, provide ingest capabilities, real-time collaboration, scalability, and protection. It derives primary revenues from the products based on tape technology. A majority of the firm’s revenue is generated in the Americas, with the rest coming from Europe and Asia-Pacific.
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