Qumu (QUMU) Downgraded to “Hold” at Craig Hallum

Craig Hallum downgraded shares of Qumu (NASDAQ:QUMU) from a buy rating to a hold rating in a report issued on Friday.

Several other equities analysts also recently commented on the stock. ValuEngine upgraded shares of Qumu from a strong sell rating to a sell rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Qumu from a buy rating to a hold rating in a report on Saturday, January 13th.

Shares of Qumu (NASDAQ:QUMU) traded down $0.10 during trading hours on Friday, reaching $1.80. 74,732 shares of the company traded hands, compared to its average volume of 30,696. The company has a market cap of $17.83, a P/E ratio of -1.88 and a beta of -0.84. Qumu has a one year low of $1.77 and a one year high of $3.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 1.03.

An institutional investor recently raised its position in Qumu stock. Northern Trust Corp grew its stake in Qumu Corp (NASDAQ:QUMU) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,745 shares of the technology company’s stock after acquiring an additional 3,144 shares during the period. Northern Trust Corp owned 0.38% of Qumu worth $104,000 at the end of the most recent reporting period. 22.53% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Qumu (QUMU) Downgraded to “Hold” at Craig Hallum” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/02/17/qumu-qumu-downgraded-to-hold-at-craig-hallum.html.

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.

Receive News & Ratings for Qumu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply