Videndum (LON:VID) Trading Down 4.3% - What's Next?

Videndum Plc (LON:VID - Get Free Report) shares traded down 4.3% on Wednesday . The company traded as low as GBX 71.80 ($0.98) and last traded at GBX 71.80 ($0.98). 18,330 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 343,562 shares. The stock had previously closed at GBX 75 ($1.02).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "hold" rating on shares of Videndum in a report on Monday, March 31st.

Videndum Stock Performance

The stock's 50 day moving average price is GBX 77.04 and its two-hundred day moving average price is GBX 117.07. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The firm has a market capitalization of £70.89 million, a price-to-earnings ratio of -2.00 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported GBX (17.90) (($0.24)) earnings per share (EPS) for the quarter. Videndum had a negative net margin of 15.04% and a negative return on equity of 19.28%. On average, analysts forecast that Videndum Plc will post 25.9978425 EPS for the current year.

Videndum Company Profile

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.