Quantum Stock Gaps Down On Today's Open (QTM)
NEW YORK (
) -- Shares of
(NYSE:
) were gapping down Thursday morning with an open price 11.7% lower than Wednesday's closing price. The stock closed at $2.81 Wednesday and opened today's trading at $2.48.
The average volume for Quantum has been 1.7 million shares per day over the past 30 days. Quantum has a market cap of $647.3 million and is part of the
sector and
industry. Shares are up 17.1% year to date as of the close of trading on Wednesday.
Quantum Corporation, a storage company, provides backup, recovery, and archive solutions for customers ranging from small businesses to multinational enterprises in the Americas, Europe, and the Asia Pacific. The company has a P/E ratio of 277, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Quantum as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow. You can view the full
.
Get more investment ideas from our
.
Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting
DOWN
to 95370 or select from
.
null
