Qumu (QUMU) Receiving Favorable News Coverage, Analysis Finds
Media headlines about Qumu (NASDAQ:QUMU) have trended positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Qumu earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.2487753148936 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Qumu (QUMU) traded up $0.01 during trading on Friday, hitting $2.30. The company had a trading volume of 15,546 shares, compared to its average volume of 26,472. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 1.03. Qumu has a 12 month low of $1.80 and a 12 month high of $3.28. The stock has a market capitalization of $21.50, a PE ratio of -2.40 and a beta of -0.58.
Separately, Zacks Investment Research raised Qumu from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Thursday, January 4th.
In other news, major shareholder Discovery Fund Lp Harbert bought 51,618 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were acquired at an average cost of $2.46 per share, with a total value of $126,980.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Harbert Discovery Fund Gp, Llc bought 156,709 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average cost of $2.44 per share, for a total transaction of $382,369.96. The disclosure for this purchase can be found here. Insiders have purchased 304,927 shares of company stock worth $746,800 over the last ninety days. 11.20% of the stock is currently owned by insiders.
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.
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