Dougherty & Co initiated coverage on shares of Qumu (NASDAQ:QUMU) in a research report sent to investors on Wednesday morning, The Fly reports. The brokerage issued a buy rating on the technology company’s stock.
QUMU has been the topic of several other reports. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Thursday, March 21st. Zacks Investment Research cut shares of German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $3.00.
Shares of QUMU opened at $4.30 on Wednesday. Qumu has a 12 month low of $1.85 and a 12 month high of $4.78. The stock’s 50 day simple moving average is $3.62. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17.
Qumu (NASDAQ:QUMU) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.13. Qumu had a negative net margin of 0.14% and a negative return on equity of 0.59%. The company had revenue of $7.10 million for the quarter. As a group, equities analysts predict that Qumu will post -0.54 EPS for the current year.
Qumu Company Profile
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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