Published On: Wed, Oct 19th, 2016

Analyst Coverage: Imation Corporation (NYSE:IMN)

Recently stock market analysts have updated their consensus ratings on shares of Imation Corporation (NYSE:IMN).

Most recent broker ratings

09/29/2015 – Imation Corporation was downgraded to “hold” by analysts at Lake Street. They now have a USD 3 price target on the stock.

05/11/2015 – Imation Corporation was upgraded to “strong-buy” by analysts at Zacks. They now have a USD 4.75 price target on the stock.

02/11/2015 – Imation Corporation had its “hold” rating reiterated by analysts at Noble Financial.

06/04/2014 – Imation Corporation was downgraded to “sell” by analysts at TheStreet.

11/21/2013 – Sidoti began new coverage on Imation Corporation giving the company a “neutral” rating.

Imation Corporation has a 50 day moving average of 0.70 and a 200 day moving average of 1.22. The stock’s market capitalization is 23.02M, it has a 52-week low of 0.58 and a 52-week high of 2.70.

The share price of the company (NYSE:IMN) was up +2.82%, with a high of 0.67during the day and the volume of Imation Corporation shares traded was 154949.

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. It consists of Imation Nexsan and Connected Data products. Its Nexsan portfolio features solid-state optimized unified hybrid storage systems, secure automated archive solutions and high-density enterprise storage arrays. Nexsan systems are delivered through a network of cloud service providers, value-added resellers (VARs) and solutions integrators. It offers global customers four main solution sets: the NST hybrid storage line, the Nexsan E-Series disk arrays, the Assureon line and the Transporter line. Its subsidiaries include GlassBridge Asset Management, LLC and Nexsan Corporation.