Quantum Corp. (QTM) Drops 8.58% on January 20

Equities Staff |

Quantum Corp. (QTM) was one of the Russell 2000's biggest losers for Wednesday January 20 as the stock slid 8.58% to $0.73, a loss of $-0.0681 per share. Starting at an opening price of $0.79 a share, the stock traded between $0.72 and $0.79 over the course of the trading day. Volume was 3.64 million shares over 2,708 trades, against an average daily volume of 1.8 million shares and a total float of 263.92 million.

The losses send Quantum Corp. down to a market cap of $191.55 million. In the last year, Quantum Corp. has traded between $2.22 and $0.66, and its 50-day SMA is currently $0.85 and 200-day SMA is $1.28.

Quantum Corp provides storage, archive and data protection solutions for capturing, sharing, and preserving digital assets over the entire data lifecycle.

Quantum Corp. is based out of San Jose, CA and has some 1,250 employees. Its CEO is Jon W. Gacek.

For a complete fundamental analysis analysis of Quantum Corp., check out Equities.com’s Stock Valuation Analysis report for QTM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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