Videndum (LON:VID) Stock Price Down 8.8% - What's Next?

Key Points

• Videndum Plc shares dropped by 8.8% during mid-day trading, reaching a low of GBX 53 ($0.71) and closing at GBX 53.80 ($0.72).
• Analysts have set a rating of "under review" for the company, while Videndum's earnings per share (EPS) was reported at GBX (11.20) (($0.15)), indicating a negative performance.
• The company's market cap is £50.45 million, with a significant debt-to-equity ratio of 77.44 and a negative return on equity of 19.28%.

Videndum Plc (LON:VID - Get Free Report)'s share price dropped 8.8% during mid-day trading on Thursday . The stock traded as low as GBX 53 ($0.71) and last traded at GBX 53.80 ($0.72). Approximately 775,526 shares changed hands during mid-day trading, an increase of 145% from the average daily volume of 316,068 shares. The stock had previously closed at GBX 59 ($0.79).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated an "under review" rating on shares of Videndum in a report on Wednesday, August 6th.

Videndum Stock Performance

The stock has a market capitalization of £45.18 million, a P/E ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The stock has a 50 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 (EPS) for the quarter. Videndum had a negative return on equity of 19.28% and a negative net margin of 15.04%. On average, equities analysts forecast that Videndum Plc will post 25.9978425 EPS for the current fiscal 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.