Quantum

CEO: Jon Gacek

Dec. 30, 2016:$0.83

March 31, 2017:$0.87

Change: +4.82%

Storage technology developer Quantum's stock has languished below $1 per share since 2015. But it did increase a few cents in the first quarter, putting it on the positive side of our watch list.

In January Quantum reported that revenue in its fiscal 2017 third quarter (ended Dec. 31) increased 4 percent to $133.5 million from $128.0 million in the same quarter one year earlier. The company even reported a $5.0 million profit for the quarter compared to a $821,000 loss one year before.

On April 3 Quantum announced a 1-for-8 reverse stock split effective at the close of trading on April 18 with common stock trading on the split-adjusted basis on April 19. The number of outstanding shares will drop from approximately 273 million shares to 34 million shares.