Qumu (QUMU) Lowered to “Hold” at Zacks Investment Research
Qumu (NASDAQ:QUMU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “
Shares of Qumu (NASDAQ QUMU) opened at $2.30 on Friday. Qumu has a 1 year low of $1.80 and a 1 year high of $3.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $21.60, a PE ratio of -2.45 and a beta of -0.58.
A hedge fund recently raised its stake in Qumu stock. Northern Trust Corp boosted its holdings in Qumu Corp (NASDAQ:QUMU) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,745 shares of the technology company’s stock after purchasing an additional 3,144 shares during the period. Northern Trust Corp owned about 0.38% of Qumu worth $104,000 at the end of the most recent reporting period. 23.81% of the stock is currently owned by hedge funds and other institutional investors.
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Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
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