Zacks Investment Research cut shares of Qumu (NASDAQ:QUMU) from a buy rating to a hold rating in a research report sent to investors 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. “
QUMU stock traded up $0.02 on Wednesday, hitting $2.60. The company had a trading volume of 43,559 shares, compared to its average volume of 16,787. Qumu has a 12-month low of $1.42 and a 12-month high of $3.15. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.80 and a current ratio of 0.80.
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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