Separately, Zacks Investment Research lowered Qumu from a “buy” rating to a “hold” rating in a research report on Wednesday.
Shares of QUMU opened at $1.16 on Friday. The firm has a market cap of $20.70 million, a price-to-earnings ratio of -1.18 and a beta of 1.65. The stock has a 50 day moving average of $1.54 and a 200-day moving average of $1.85. The company has a current ratio of 1.04, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01. Qumu has a 52 week low of $0.98 and a 52 week high of $5.24.
Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new position in Qumu during the 3rd quarter valued at approximately $264,000. Goldman Sachs Group Inc. bought a new stake in Qumu during the 3rd quarter valued at $75,000. Morgan Stanley raised its stake in Qumu by 815,600.0% during the 1st quarter. Morgan Stanley now owns 8,157 shares of the technology company’s stock valued at $55,000 after acquiring an additional 8,156 shares in the last quarter. Perkins Capital Management Inc. raised its stake in Qumu by 6.1% during the 1st quarter. Perkins Capital Management Inc. now owns 297,700 shares of the technology company’s stock valued at $524,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Keudell Morrison Wealth Management raised its stake in Qumu by 118.2% during the 4th quarter. Keudell Morrison Wealth Management now owns 24,000 shares of the technology company’s stock valued at $51,000 after acquiring an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 38.32% of the company’s stock.
About Qumu (Get Rating)
Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers software on a license, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and other services.
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