Media coverage about Quantum Corp (NYSE:QTM) has trended somewhat negative on Tuesday, AlphaOne reports. AlphaOne, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quantum Corp earned a coverage optimism score of -0.11 on AlphaOne’s scale. AlphaOne also assigned headlines about the technology company an impact score of 76 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
Separately, Zacks Investment Research upgraded Quantum Corp from a “hold” rating to a “strong-buy” rating and set a $9.25 target price for the company in a report on Wednesday, May 17th. Quantum Corp (QTM) opened at 8.48 on Tuesday. Quantum Corp has a 12-month low of $2.96 and a 12-month high of $9.20. The stock has a market capitalization of $287.96 million, a PE ratio of 78.52 and a beta of 2.35. The stock’s 50 day moving average price is $7.81 and its 200-day moving average price is $2.68.
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