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.

Imation Corp. is a data storage and data security company. The Company operates in two business segments: Tiered Storage and Security Solutions (TSS), which consists of its commercial storage media and storage and security solutions (i.e. Nexsan and IronKey) businesses, and Consumer Storage and Accessories (CSA), which consists of its consumer storage media and audio and accessories businesses. Its Nexsan segment consists of storage systems portfolio, which ranges from dense storage products to unified storage solutions for small and medium commercial businesses, enterprise and government customers. Its IronKey segment line include the hardware encrypted universal serial bus (USB) drives, personal computer (PC) on a stick workspaces for Microsoft windows to go, and cloud-based or device management solutions. Its Storage Media and Accessories business segment distributes various products through retail and commercial channels across the world.