Imation Corp. (IMN) Scheduled to Post Quarterly Earnings on Thursday
Imation Corp. (NYSE:IMN) is scheduled to be issuing its Q214 quarterly earnings data on Thursday, July 31st. Analysts expect the company to announce earnings of ($0.30) per share and revenue of $166.90 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Shares of Imation Corp. (NYSE:IMN) opened at 3.23 on Wednesday. Imation Corp. has a one year low of $3.15 and a one year high of $6.60. The stock has a 50-day moving average of $3.36 and a 200-day moving average of $4.59. The company’s market cap is $135.6 million. Imation Corp. also was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,828,502 shares, a decrease of 48.0% from the June 30th total of 3,515,512 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 234,450 shares, the short-interest ratio is presently 7.8 days.
On a related note, analysts at TheStreet downgraded shares of Imation Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.
Imation Corp. (NYSE:IMN) is a global scalable storage and data security company.
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