Qumu Corp (NASDAQ:QUMU) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.88 and traded as low as $3.10. Qumu shares last traded at $3.10, with a volume of 1,689 shares trading hands.
Several analysts have issued reports on QUMU shares. Dougherty & Co started coverage on shares of Qumu in a research report on Wednesday, July 10th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Qumu from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine downgraded shares of Qumu from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $3.00.
The stock has a market capitalization of $30.72 million, a P/E ratio of -3.08 and a beta of 0.24. The firm’s 50 day moving average price is $3.88 and its 200 day moving average price is $3.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.68 and a quick ratio of 0.68.
Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in Qumu in the second quarter worth about $55,000. Worth Venture Partners LLC purchased a new stake in Qumu in the second quarter worth about $433,000. Vanguard Group Inc. grew its holdings in Qumu by 135.4% in the second quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 144,375 shares during the period. BlackRock Inc. grew its holdings in Qumu by 8.5% in the second quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock worth $1,224,000 after purchasing an additional 23,021 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Qumu by 12.4% in the second quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock worth $3,176,000 after purchasing an additional 84,190 shares during the period. 29.95% of the stock is owned by hedge funds and other institutional investors.
About Qumu (NASDAQ:QUMU)
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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