Qumu Corporation (QUMU)’s Stock Is Sell After Touching 52-Week Low

March 14, 2018 - By Dolores Ford

Investors sentiment increased to 0.89 in 2017 Q3. Its up 0.39, from 0.5 in 2017Q2. It is positive, as 4 investors sold Qumu Corporation shares while 5 reduced holdings. 3 funds opened positions while 5 raised stakes. 2.21 million shares or 3.35% less from 2.29 million shares in 2017Q2 were reported.
Northern, a Illinois-based fund reported 35,245 shares. Financial Bank Of New York Mellon owns 0% invested in Qumu Corporation (NASDAQ:QUMU) for 49,736 shares. Geode Mngmt Limited Liability Company holds 0% in Qumu Corporation (NASDAQ:QUMU) or 92,861 shares. Vanguard Gp Incorporated holds 0% or 198,473 shares. Dimensional Fund Lp holds 257,871 shares or 0% of its portfolio. Nationwide Fund Advisors holds 0% of its portfolio in Qumu Corporation (NASDAQ:QUMU) for 1,201 shares. Barclays Pcl holds 59 shares or 0% of its portfolio. Buckingham Asset Mngmt Lc holds 32,085 shares or 0.02% of its portfolio. Deutsche Bancorp Ag invested 0% of its portfolio in Qumu Corporation (NASDAQ:QUMU). Macquarie Grp Limited holds 0% of its portfolio in Qumu Corporation (NASDAQ:QUMU) for 5,954 shares. Blackrock, New York-based fund reported 271,541 shares. Royal State Bank Of Canada invested in 0% or 7 shares. National Bank & Trust Of America De holds 3,067 shares. Bridgeway Capital Mgmt owns 0% invested in Qumu Corporation (NASDAQ:QUMU) for 62,300 shares. 190,389 are owned by Teton Advisors.

The stock of Qumu Corporation (NASDAQ:QUMU) hit a new 52-week low and has $1.46 target or 3.00 % below today’s $1.51 share price. The 8 months bearish chart indicates high risk for the $14.18M company. The 1-year low was reported on Mar, 14 by Barchart.com. If the $1.46 price target is reached, the company will be worth $425,370 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.21% or $0.05 during the last trading session, reaching $1.51. About 41,434 shares traded or 32.10% up from the average. Qumu Corporation (NASDAQ:QUMU) has declined 23.14% since March 14, 2017 and is downtrending. It has underperformed by 39.84% the S&P500.

Qumu Corporation (NASDAQ:QUMU) Ratings Coverage

Among 3 analysts covering Qumu Corporation (NASDAQ:QUMU), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Qumu Corporation had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, February 16 by Craig Hallum. Lake Street maintained Qumu Corporation (NASDAQ:QUMU) on Friday, August 28 with “Buy” rating. Zacks upgraded Qumu Corporation (NASDAQ:QUMU) on Thursday, August 27 to “Hold” rating. On Monday, October 19 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”.

More recent Qumu Corporation (NASDAQ:QUMU) news were published by: Streetinsider.com which released: “Craig-Hallum Downgrades Qumu Corp (QUMU) to Hold” on February 16, 2018. Also Businesswire.com published the news titled: “Qumu Announces Fourth Quarter and Year-End 2017 Results” on March 06, 2018. Businesswire.com‘s news article titled: “Qumu Appoints New Executive Vice President of Worldwide Sales and Business …” with publication date: January 08, 2018 was also an interesting one.

Qumu Corporation engages in enterprise video content management software business. The company has market cap of $14.18 million. The companyÂ’s software applications enable businesses to create, manage, secure, deliver, and measure the success of their videos. It currently has negative earnings. It offers enterprise video content management software products 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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