Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information, Holders of Record, and Dividends
Our common stock was traded on the New York Stock Exchange ("NYSE") under the symbol “QTM.” On January 15, 2019, we were delisted from the NYSE.
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On January 16, 2019, we started trading under the symbol “QMCO” on the OTC Pink, which is operated by OTC Markets Group Inc.
On February 4, 2020, we started trading on the Nasdaq Global Market under the symbol "QMCO".
The per share prices reflected in the following table represent the range of high and low sales prices of our common stock for the quarters indicated. The OTC Pink quotations do not reflect retail markup, markdown or commission and may not necessarily represent the prices of actual transactions during these quarterly periods.
High Low
Fiscal 2021
First quarter ended June 30, 2020 $4.82 $2.67
Second quarter ended September 30, 2020 5.78 3.77
Third quarter ended December 31, 2020 5.30 4.18
Fourth quarter ended March 31, 2021 9.45 6.36
Fiscal 2020
First quarter ended June 30, 2019 $2.81 $2.31
Second quarter ended September 30, 2019 6.26 2.63
Third quarter ended December 31, 2019 7.42 5.30
Fourth quarter ended March 31, 2020 8.35 1.48
As of May 21, 2021, we had 236 holders of record of our common stock.
We have no intention of paying cash dividends in the foreseeable future. Our ability to pay dividends is restricted by the covenants in our senior secured term loan and amended credit facility agreements with PNC Bank, National Association (“PNC”). See the section captioned “Liquidity and Capital Resources” in Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations and Note 5: Debt to the consolidated financial statements.
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
During the year ended March 31, 2021, there were no purchases of our common stock by or on behalf of us or any of our affiliated purchasers, as such term is defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended ("the "Exchange Act").
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Stock Performance Graph
The graph below compares the cumulative total return of a $100 investment in our common stock with the cumulative total return of the same investment in the Nasdaq and the S&P 500 Index from March 31, 2016 through March 31, 2021.
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ITEM 6. SELECTED FINANCIAL DATA
Not applicable.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.