Videndum (LON:VID) Shares Down 44.3% - Here's What Happened

Key Points

• Videndum Plc shares experienced a significant decline of 44.3%, trading as low as GBX 57.20 ($0.76) on Wednesday, following a prior close of GBX 106 ($1.41).
• The company's debt-to-equity ratio stands at 77.44, with a negative net margin of 15.04% and a PE ratio of -1.56.
• Shore Capital has reiterated an "under review" rating for Videndum, suggesting ongoing concerns about the company's performance.

Videndum Plc (LON:VID - Get Free Report) was down 44.3% on Wednesday . The company traded as low as GBX 57.20 ($0.76) and last traded at GBX 59 ($0.78). Approximately 1,829,691 shares were traded during trading, an increase of 485% from the average daily volume of 313,025 shares. The stock had previously closed at GBX 106 ($1.41).

Analyst Upgrades and Downgrades

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

Videndum Trading Down 44.3%

The firm has a 50-day moving average price of GBX 90.40 and a 200-day moving average price of GBX 86.16. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The stock has a market cap of £55.32 million, a PE ratio of -1.56 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) 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%. As a group, equities analysts anticipate that Videndum Plc will post 25.9978425 EPS for the current fiscal year.

About Videndum

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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