Published on 29 May 2024 on Insider Monkey via Yahoo Finance

Here are the Challenges Faced by Quantum Corporation (QMCO)

180 Degree Capital Corp., an investment management firm, recently released its first quarter 2024 investor letter.  A copy of the letter can be downloaded here. In March, despite the market sell-off, the fund achieved a +4.7% gross total return from its cash and public-related securities, leading to a 2.8% gain in the NAV to $5.16. The firm believes that the economy will continue to show resilience, and its portfolio companies do not require lower rates to create value for shareholders. They benefit from positive economic trends and activism across many holdings. For more information on the fund’s top picks in 2024, please check its top five holdings.

180 Degree Capital Corp. highlighted stocks like Quantum Corporation (NASDAQ:QMCO), in the first quarter 2024 investor letter. Quantum Corporation (NASDAQ:QMCO) offers products for storing and managing digital video and unstructured data. The one-month return of Quantum Corporation (NASDAQ:QMCO) was -10.52%, and its shares lost 60.55% of their value over the last 52 weeks. On May 28, 2024, Quantum Corporation (NASDAQ:QMCO) stock closed at $0.4270 per share with a market capitalization of $41.248 million.