Videndum (LON:VID) Trading Down 41.7% - Here's What Happened

Key Points

• Videndum's stock price dropped sharply by 41.7% during mid-day trading, reaching a low of GBX 57.20 ($0.76) from a previous close of GBX 106 ($1.41).
• The company reported a quarterly earnings loss of GBX (11.20) (($0.15)) per share and has a negative net margin of 15.04%.
• Analysts have given the stock an "under review" rating, indicating uncertainty about its future performance amidst these financial challenges.

Videndum Plc (LON:VID - Get Free Report)'s share price dropped 41.7% during mid-day trading on Wednesday . The stock traded as low as GBX 57.20 ($0.77) and last traded at GBX 61.80 ($0.83). Approximately 2,011,021 shares were traded during trading, an increase of 540% from the average daily volume of 314,226 shares. The stock had previously closed at GBX 106 ($1.43).

Analyst Ratings Changes

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

Videndum Stock Down 14.5%

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 84.58. The firm has a market cap of £43.13 million, a PE ratio of -1.22 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) (($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%. Analysts expect that Videndum Plc will post 25.9978425 earnings per share 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.