Imation Corp. (NYSE:IMN) has been assigned a consensus broker rating score of 0.00 () from the zero analysts that provide coverage for the company, Zacks Investment Research reports.
Zacks has also assigned Imation Corp. an industry rank of 71 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Imation Corp. from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Monday, June 20th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Menta Capital LLC boosted its position in Imation Corp. by 2.5% in the first quarter. Menta Capital LLC now owns 87,977 shares of the company’s stock worth $136,000 after buying an additional 2,180 shares during the period. Renaissance Technologies LLC boosted its position in Imation Corp. by 38.7% in the first quarter. Renaissance Technologies LLC now owns 1,663,301 shares of the company’s stock worth $2,578,000 after buying an additional 464,401 shares during the period. Paloma Partners Management Co purchased a new position in Imation Corp. during the second quarter worth about $134,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Imation Corp. by 1,007.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 148,753 shares of the company’s stock worth $231,000 after buying an additional 135,324 shares during the period. Hedge funds and other institutional investors own 74.50% of the company’s stock.
Imation Corp. (NYSE:IMN) opened at 0.71 on Friday. Imation Corp. has a 52 week low of $0.60 and a 52 week high of $2.70. The firm’s 50-day moving average price is $0.79 and its 200-day moving average price is $1.28. The company’s market capitalization is $26.37 million.
Imation Corp. (NYSE:IMN) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $10.60 million for the quarter, compared to the consensus estimate of $11.50 million. Imation Corp. had a negative return on equity of 297.58% and a negative net margin of 105.89%. The firm’s revenue for the quarter was down 37.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.42) EPS. On average, equities analysts expect that Imation Corp. will post ($0.60) earnings per share for the current year.
Imation Corp. Company Profile
Imation Corp. is a data storage and data security company. The Company operates in two business segments: Tiered Storage and Security Solutions (TSS), which consists of its commercial storage media and storage and security solutions (i.e. Nexsan and IronKey) businesses, and Consumer Storage and Accessories (CSA), which consists of its consumer storage media and audio and accessories businesses.
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