Videndum (LON:VID) Stock Price Down 44.3% - Here's What Happened

Key Points

• Videndum Plc's stock price plunged 44.3% in mid-day trading, dropping from a previous close of GBX 106 ($1.42) to as low as GBX 57.20 ($0.76).
• The company reported a negative earnings per share of GBX (11.20) (($0.15)) and has a debt-to-equity ratio of 77.44.
• Analysts at Shore Capital have designated the stock as "under review" amidst the current performance issues facing the company.

Shares of Videndum Plc (LON:VID - Get Free Report) were down 44.3% during mid-day trading on Wednesday . The company traded as low as GBX 57.20 ($0.76) and last traded at GBX 59 ($0.79). Approximately 1,829,691 shares traded hands during mid-day trading, an increase of 485% from the average daily volume of 313,025 shares. The stock had previously closed at GBX 106 ($1.42).

Analyst Ratings Changes

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

Videndum Stock Performance

The firm has a 50-day moving average of GBX 90.40 and a 200-day moving average of GBX 86.16. 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 market capitalization of £55.32 million, a price-to-earnings ratio of -1.56 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) 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, sell-side analysts predict that Videndum Plc will post 25.9978425 earnings per share for the current 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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