Imation Corporation (NYSE:GLA) shares hit a new 52-week low during trading on Monday . The stock traded as low as $2.95 and last traded at $2.93, with a volume of 67,871 shares. The stock had previously closed at $3.49.
The company has a 50-day moving average of $3.53 and a 200 day moving average of $5.19. The firm’s market capitalization is $9.63 million.
Imation Corporation (NYSE:GLA) last released its earnings results on Monday, May 15th. The technology company reported ($1.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $1.22. The firm had revenue of $9.60 million during the quarter.
Several institutional investors have recently added to or reduced their stakes in the stock. VNBTrust National Association acquired a new position in Imation Corporation during the first quarter valued at about $261,000. Renaissance Technologies LLC acquired a new position in Imation Corporation during the first quarter valued at about $948,000. Clinton Group Inc. acquired a new position in Imation Corporation during the first quarter valued at about $956,000. Wells Fargo & Company MN acquired a new position in Imation Corporation during the first quarter valued at about $2,727,000. Finally, Ariel Investments LLC acquired a new position in Imation Corporation during the first quarter valued at about $3,642,000. 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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