Videndum (LON:VID) Shares Down 44.3% - Time to Sell?

Key Points

• Videndum Plc shares plummeted by 44.3% to a trading low of GBX 57.20 ($0.76), significantly increasing the volume of shares traded by 485%.
• The company has reported a negative net margin of 15.04% and a negative return on equity of 19.28%, with analysts predicting an earnings per share of approximately 25.99 for the current year.
• Shore Capital has placed an "under review" rating on Videndum shares, indicating ongoing uncertainty about the company's performance.

Videndum Plc (LON:VID - Get Free Report)'s stock price fell 44.3% on Wednesday . The company traded as low as GBX 57.20 ($0.77) and last traded at GBX 59 ($0.79). 1,829,691 shares were traded during trading, an increase of 485% from the average session volume of 313,025 shares. The stock had previously closed at GBX 106 ($1.43).

Analysts Set New Price Targets

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

Videndum Stock Down 14.5%

The firm has a market cap of £43.13 million, a PE ratio of -1.22 and a beta of 1.00. 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 stock has a fifty day simple moving average of GBX 89.03 and a two-hundred day simple moving average of GBX 84.28.

Videndum (LON:VID - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) earnings per share for the quarter. Videndum had a negative net margin of 15.04% and a negative return on equity of 19.28%. As a group, sell-side analysts expect 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.