StockNews.com Begins Coverage on Qumu (NASDAQ:QUMU)

Analysts at StockNews.com started coverage on shares of Qumu (NASDAQ:QUMU – Get Rating) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, Northland Securities lowered shares of Qumu from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 20th.

Qumu Stock Up 0.7 %

Shares of NASDAQ:QUMU opened at $0.90 on Friday. The company has a market capitalization of $16.12 million, a PE ratio of -1.28 and a beta of 1.38. Qumu has a 52-week low of $0.44 and a 52-week high of $2.07. The company has a fifty day moving average of $0.89 and a 200-day moving average of $0.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LP bought a new position in Qumu during the fourth quarter valued at $49,000. UBS Group AG acquired a new position in shares of Qumu in the 4th quarter valued at $51,000. Price T Rowe Associates Inc. MD increased its holdings in Qumu by 23.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 64,950 shares of the technology company’s stock worth $52,000 after acquiring an additional 12,200 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Qumu in the 4th quarter worth $81,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in shares of Qumu during the fourth quarter worth $183,000. Institutional investors own 36.55% of the company’s stock.

About Qumu

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Qumu Corp. provides the software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise. It offers enterprise video content management software solutions, hardware, maintenance and support, and professional and other services. The company platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge.