Qumu (NASDAQ:QUMU) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research downgraded shares of Qumu from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th.
Shares of Qumu (NASDAQ:QUMU) traded up $0.11 on Friday, hitting $1.99. 80,395 shares of the company traded hands, compared to its average volume of 19,808. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. Qumu has a fifty-two week low of $1.80 and a fifty-two week high of $3.28.
An institutional investor recently raised its position in Qumu stock. Northern Trust Corp boosted its stake in shares of Qumu Corp (NASDAQ:QUMU) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,745 shares of the technology company’s stock after purchasing an additional 3,144 shares during the period. Northern Trust Corp owned approximately 0.38% of Qumu worth $104,000 at the end of the most recent reporting period. 23.81% of the stock is owned by hedge funds and other institutional investors.
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Qumu Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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