Imation Corp. (NYSE:IMN) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned Imation Corp. an industry rank of 70 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Imation Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd.
A number of institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co acquired a new position in shares of Imation Corp. during the second quarter valued at $134,000. Jacobs Levy Equity Management Inc. boosted its position in shares of 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 valued at $231,000 after buying an additional 135,324 shares during the period. Renaissance Technologies LLC boosted its position in shares of Imation Corp. by 38.7% in the first quarter. Renaissance Technologies LLC now owns 1,663,301 shares of the company’s stock valued at $2,578,000 after buying an additional 464,401 shares during the period. Finally, Menta Capital LLC boosted its position in shares of Imation Corp. by 2.5% in the first quarter. Menta Capital LLC now owns 87,977 shares of the company’s stock valued at $136,000 after buying an additional 2,180 shares during the period. Institutional investors and hedge funds own 74.50% of the company’s stock.
Shares of Imation Corp. (NYSE:IMN) traded up 0.2223% during trading on Friday, reaching $0.6313. 19,041 shares of the company traded hands. Imation Corp. has a 52 week low of $0.60 and a 52 week high of $2.70. The company’s market capitalization is $23.44 million. The company’s 50-day moving average price is $0.83 and its 200-day moving average price is $1.31.
Imation Corp. (NYSE:IMN) last posted its earnings results on Monday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $11.50 million. Imation Corp. had a negative net margin of 105.89% and a negative return on equity of 297.58%. Imation Corp.’s revenue was down 37.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.42) EPS. Equities research analysts forecast that Imation Corp. will post ($0.60) EPS for the current fiscal 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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