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Research analysts at Sidoti started coverage on shares of Dot Hill Systems (NASDAQ:HILL) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

HILL has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Dot Hill Systems from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Analysts at Wunderlich initiated coverage on shares of Dot Hill Systems in a research note on Friday, April 25th. They set a “buy” rating and a $7.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $5.70.

Shares of Dot Hill Systems (NASDAQ:HILL) traded up 2.46% during mid-day trading on Tuesday, hitting $4.59. 294,272 shares of the company’s stock traded hands. Dot Hill Systems has a 52-week low of $1.89 and a 52-week high of $6.06. The stock has a 50-day moving average of $4.14 and a 200-day moving average of $4.12. The company has a market cap of $275.3 million and a price-to-earnings ratio of 50.91.

Dot Hill Systems (NASDAQ:HILL) last announced its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. The company had revenue of $48.90 million for the quarter, compared to the consensus estimate of $48.51 million. On average, analysts predict that Dot Hill Systems will post $0.21 earnings per share for the current fiscal year.

Dot Hill Systems Corp. (NASDAQ:HILL) is a provider of storage systems and enterprise server software for organizations requiring networked storage and data management solutions in an open systems architecture.

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