Shares of Qumu Corp (NASDAQ:QUMU) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.73 and last traded at $1.80, with a volume of 74700 shares trading hands. The stock had previously closed at $1.80.
Several analysts recently issued reports on QUMU shares. Zacks Investment Research raised Qumu from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Thursday, January 4th. ValuEngine raised Qumu from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Craig Hallum downgraded Qumu from a “buy” rating to a “hold” rating in a research note on Friday.
The company has a market cap of $16.90, a P/E ratio of -1.88 and a beta of -0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56.
ILLEGAL ACTIVITY NOTICE: “Qumu (QUMU) Hits New 52-Week Low at $1.73” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://stocknewstimes.com/2018/02/20/qumu-qumu-hits-new-52-week-low-at-1-73.html.
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.