Imation Corporation (NYSE:GLA) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $2.95 and last traded at $2.93, with a volume of 67,871 shares traded. The stock had previously closed at $3.49.
The firm’s market cap is $14.47 million. The stock has a 50 day moving average price of $3.74 and a 200 day moving average price of $5.43.
Imation Corporation (NYSE:GLA) last issued its earnings results on Monday, May 15th. The technology company reported ($1.29) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $1.22. The company had revenue of $9.60 million for the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of GLA. Ariel Investments LLC purchased a new position in shares of Imation Corporation during the first quarter valued at $3,642,000. Wells Fargo & Company MN purchased a new position in shares of Imation Corporation during the first quarter valued at $2,727,000. VNBTrust National Association purchased a new position in shares of Imation Corporation during the first quarter valued at $261,000. Clinton Group Inc. purchased a new position in shares of Imation Corporation during the first quarter valued at $956,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Imation Corporation during the first quarter valued at $948,000. 70.95% of the stock is owned by institutional investors.
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About Imation Corporation
GlassBridge Enterprises, Inc, formerly Imation Corp., is a holding company. The Company is a data storage and data security company. It operates through Nexsan segment. The Nexsan segment operates as its own product line. Its storage systems portfolio ranges from storage products to unified hybrid storage solutions for small and medium commercial businesses, enterprise and government customers.
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