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Videndum (LON:VID) Shares Down 32.8% - Here's What Happened

Videndum logo with Computer and Technology background

Key Points

  • Videndum Plc experienced a dramatic drop in share price, falling 32.8% to trade at GBX 71.26 ($0.95), following a significant increase in trading volume.
  • The company's current market capitalization stands at £62.83 million, with a PE ratio of -1.78, indicating negative earnings.
  • Shore Capital has reiterated an "under review" rating for Videndum, suggesting caution among analysts regarding the stock's performance.
  • Want stock alerts on Videndum? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Videndum Plc (LON:VID - Get Free Report)'s stock price fell 32.8% during mid-day trading on Wednesday . The company traded as low as GBX 71 ($0.95) and last traded at GBX 71.26 ($0.96). 772,722 shares traded hands during trading, an increase of 153% from the average session volume of 306,025 shares. The stock had previously closed at GBX 106 ($1.43).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed an "under review" rating on shares of Videndum in a report on Wednesday.

Get Our Latest Report on Videndum

Videndum Trading Down 14.5%

The company has a market cap of £43.13 million, a PE ratio of -1.22 and a beta of 1.00. The company has a 50-day moving average of GBX 89.03 and a 200 day moving average of GBX 84.88. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

Videndum (LON:VID - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) EPS for the quarter. Videndum had a negative return on equity of 19.28% and a negative net margin of 15.04%. Analysts predict that Videndum Plc will post 25.9978425 earnings per share for the current year.

Videndum Company Profile

(Get Free Report)

Videndum (formerly known as The Vitec Group plc) is a leading global provider of premium branded hardware products and software solutions to the growing content creation market. Videndum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, vloggers, influencers, gamers, professional sounds crews and enterprises.

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