Videndum (LON:VID) Stock Price Down 44.3% - Time to Sell?

Key Points

• Videndum Plc's shares fell by 44.3% on Wednesday, reaching a low of GBX 57.20 ($0.76) from a previous close of GBX 106 ($1.41).
• The company has a current market capitalization of £55.32 million and reported a negative earnings per share of GBX (11.20) ($0.15) for the last quarter.
• Analysts at Shore Capital have reissued an "under review" rating on Videndum shares, indicating ongoing uncertainty about the stock's future performance.

Videndum Plc (LON:VID - Get Free Report) dropped 44.3% during mid-day trading on Wednesday . The stock traded as low as GBX 57.20 ($0.76) and last traded at GBX 59 ($0.79). Approximately 1,829,691 shares changed hands during 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 reissued an "under review" rating on shares of Videndum in a report on Wednesday.

Videndum Stock Down 8.8%

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 firm has a market cap of £50.45 million, a price-to-earnings ratio of -1.43 and a beta of 1.00. The firm has a 50-day moving average of GBX 90.40 and a two-hundred day moving average of GBX 86.16.

Videndum (LON:VID - Get Free Report) last announced its quarterly 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 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.