Home / Market Movers / Qumu Corporation (QUMU) Leads Tech Stocks with 4.84% at Midday on September 22

Qumu Corporation (QUMU) Leads Tech Stocks with 4.84% at Midday on September 22

Qumu Corporation (QUMU) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of QUMU have risen 4.84% to $2.6 after closing the day prior at $2.48. In the first two and a half hours of trading, the stock has gone as high as $2.6 and as low as $2.45. Today’s rise has come with about 2,305 shares changing hands, compared to an average 30-day volume of 17,644 for Qumu Corporation. The price is currently below the 30-day volume weighted average price of $2.55 for QUMU.

The share appreciation gives the company a market capitalization of $22.9 million based upon 9.23 million shares outstanding. It also means that QUMU has a price-to-book ratio of 1.05:1.

In the past 52 weeks, shares of QUMU have traded as low as $2.1 and as high as $5.5. Technical traders will take note that at $2.6, shares of QUMU are trading below their 200-day MA at $3.75 and below their 50-day MA at $3.17. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is QUMU?

Qumu Corp provides enterprise video content management software to create, manage, secure, distribute and measure the success of videos. It also offers solutions that label, archive, distribute and protect content on CDs, DVDs and Blu-ray Discs. The company’s 192 employees are led by CEO Vern Hanzlik from the corporate headquarters at 510 1st Avenue North in Minneapolis, MN.


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