Qumu Corp. (QUMU) Trading Down 5.5%
Shares of Qumu Corp. (NASDAQ:QUMU) were down 5.5% during trading on Thursday . The stock traded as low as $2.26 and last traded at $2.74, with a volume of 65,660 shares. The stock had previously closed at $2.90.
Separately, Zacks Investment Research downgraded shares of Qumu Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th.
The company has a 50 day moving average of $3.98 and a 200 day moving average of $4.19. The company’s market capitalization is $26.14 million.
Qumu Corp. (NASDAQ:QUMU) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.06. The business had revenue of $6.50 million for the quarter, compared to analysts’ expectations of $8.86 million. The company’s quarterly revenue was down 25.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.75) earnings per share. On average, analysts forecast that Qumu Corp. will post ($1.44) earnings per share for the current fiscal year.
In other Qumu Corp. news, CEO Vern Hanzlik acquired 10,000 shares of the company’s stock in a transaction on Monday, May 16th. The shares were purchased at an average cost of $4.13 per share, with a total value of $41,300.00. Following the completion of the purchase, the chief executive officer now owns 82,819 shares of the company’s stock, valued at $342,042.47. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. Qumu’s video platform supports both live and on-demand streaming. Its enterprise video content management software products are deployed primarily through the sale of software licenses, software on a server appliance, software-enabled devices and a cloud-based software-as-a-service (SaaS) platform.
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