Datum Rating Rises
Van Kasper & Co. upgraded its rating of Anaheim-based Datum Inc. to buy from long-term buy.
In a research note, Van Kasper raised its earnings estimates for Datum to $1.31 a share from $1.11 a share for 1997 and to $1.50 a share from $1.45 a share for 1998.
The brokerage firm cited Datum’s second-quarter earnings performance, in which the company posted a profit of 36 cents a share compared with the firm’s estimate of 27 cents.
Datum shares on Monday rose $1.50 to $33.88. The company designs and makes precision timing instruments.
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