Datum Stock Jumps After Good Rating
IRVINE — Datum Inc.’s stock surged nearly 17% Tuesday after a New York investment firm upgraded its rating for the Irvine-based company, which develops and manufactures timing instruments for various industries.
Hambrecht & Quist upgraded Datum to “strong buy” from “buy.” The firm believes Datum’s second quarter will be very strong and the third quarter will be positive as well because of good order shipments for both periods, a source said.
The stock rose $4.50 a share to $31.25 in Nasdaq trading.
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