Videndum (LON:VID) Stock Price Down 1.9% - Time to Sell?

Key Points

• Videndum Plc's stock price decreased by 1.9% on Thursday, closing at GBX 51 ($0.68) after trading significantly below average volume.
• The company has a market cap of £52.84 million and a negative P/E ratio of -31.14, indicating potential challenges in profitability.
• Despite the recent performance, the stock retains a consensus rating of "Buy" with a target price of GBX 425 according to analysts.

Videndum Plc (LON:VID - Get Free Report)'s stock price was down 1.9% during trading on Thursday . The stock traded as low as GBX 49.30 ($0.66) and last traded at GBX 51 ($0.68). Approximately 38,850 shares changed hands during trading, a decline of 87% from the average daily volume of 289,801 shares. The stock had previously closed at GBX 52 ($0.69).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued an "under review" rating on shares of Videndum in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 425.

Videndum Stock Performance

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 stock's 50 day simple moving average is GBX 68.39 and its two-hundred day simple moving average is GBX 76.34. The stock has a market cap of £52.84 million, a P/E ratio of -31.14 and a beta of 1.00.

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

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