Imation Corp. Hits New 52-Week High at $5.74 (IMN)
Imation Corp. (NYSE:IMN) shares hit a new 52-week high during trading on Tuesday , American Banking News reports. The stock traded as high as $5.74 and last traded at $5.45, with a volume of 200,414 shares. The stock had previously closed at $5.34.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Imation Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, analysts at Zacks upgraded shares of Imation Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $4.70 price target on the stock.
The stock’s 50-day moving average is $5.00 and its 200-day moving average is $4.52. The company’s market cap is $221.3 million.
Imation Corp. (NYSE:IMN) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.22) by $0.47. The company had revenue of $232.80 million for the quarter, compared to the consensus estimate of $266.80 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. On average, analysts predict that Imation Corp. will post $-0.96 earnings per share for the current fiscal year.
Imation Corp. (NYSE:IMN) is a global scalable storage and data security company.
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