Qumu (QUMU) Hits New 52-Week Low at $1.73

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.

A hedge fund recently raised its stake in Qumu stock. Northern Trust Corp raised its position in shares of Qumu Corp (NASDAQ:QUMU) by 9.6% in the 2nd 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 buying an additional 3,144 shares during the quarter. Northern Trust Corp owned about 0.38% of Qumu worth $104,000 as of its most recent SEC filing. 23.10% of the stock is owned by hedge funds and other institutional investors.

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About Qumu

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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