Videndum (LON:VID) Shares Down 8.8% - Here's What Happened

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%.

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

Analysts Set New Price Targets

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

Videndum Price Performance

The stock's 50-day moving average is GBX 89.61 and its 200 day moving average is GBX 85.46. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The company has a market cap of £50.45 million, a PE ratio of -1.43 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last issued its 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 return on equity of 19.28% and a negative net margin of 15.04%. On average, equities analysts anticipate that Videndum Plc will post 25.9978425 earnings per share 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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