Quantum Corporation’s (NASDAQ:QMCO) 30% Dip In Price Shows Sentiment Is Matching Revenues
Unfortunately for some shareholders, the Quantum Corporation (NASDAQ:QMCO) share price has dived 30% in the last thirty days, prolonging recent pain. Longer-term, the stock has been solid despite a difficult 30 days, gaining 24% in the last year.
Following the heavy fall in price, Quantum may be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.2x, considering almost half of all companies in the Tech industry in the United States have P/S ratios greater than 1.2x and even P/S higher than 4x aren’t out of the ordinary. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
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