NEW YORK ( TheStreet) -- Quantum Corporation (NYSE: QTM) is trading at unusually high volume Tuesday with 10.9 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 7 cents (-4%) at $1.70 as of 3:56 p.m. ET.

Quantum has a market cap of $499 million and is part of the technology sector and computer hardware industry. Shares are down 52.4% year to date as of the close of trading on Monday.

Quantum Corporation operates as a storage company that provides backup, recovery, and archive solutions to small businesses to multinational enterprises in the United States and internationally. The company has a P/E ratio of 218, 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 sell. Among the areas we feel are negative, one of the most important has been generally deteriorating net income. You can view the full Quantum Ratings Report.

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