Qumu (NASDAQ:QUMU) Lowered to Hold at Zacks Investment Research
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. “
NASDAQ QUMU opened at $5.22 on Friday. The company has a market capitalization of $71.58 million, a PE ratio of -9.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.05 and a current ratio of 1.05. Qumu has a 52-week low of $1.25 and a 52-week high of $6.29. The company has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $4.19.
Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in Qumu in the 2nd quarter worth about $126,000. Squarepoint Ops LLC bought a new position in Qumu during the third quarter worth about $128,000. Wedge Capital Management L L P NC purchased a new position in shares of Qumu in the third quarter worth about $175,000. Acadian Asset Management LLC bought a new stake in shares of Qumu in the third quarter valued at approximately $233,000. Finally, AWM Investment Company Inc. bought a new stake in shares of Qumu in the third quarter valued at approximately $923,000. Institutional investors own 30.39% of the company’s stock.
Qumu Company Profile
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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