Qumu (QUMU) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Qumu (NASDAQ:QUMU) from a buy rating to a hold rating in a report issued on Wednesday.
According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “
NASDAQ:QUMU traded up $0.08 during trading hours on Wednesday, reaching $2.68. 37,309 shares of the company’s stock were exchanged, compared to its average volume of 33,057. The stock has a market cap of $25.73 million, a P/E ratio of -2.51 and a beta of -0.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.80 and a quick ratio of 0.80. Qumu has a 1-year low of $1.42 and a 1-year high of $3.28.
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, 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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