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

Key Points

• Videndum Plc's stock price declined by 8.8%, trading as low as GBX 53 ($0.71) and closing at GBX 53.80 ($0.72) during mid-day trading on Thursday.
• Shore Capital has issued an "under review" rating for Videndum shares, indicating uncertainty about the company's performance.
• Despite the recent stock decline, analysts predict that Videndum will post an earnings per share of approximately £25.998 for the current year.

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

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed an "under review" rating on shares of Videndum in a report on Wednesday, August 6th.

Videndum Trading Up 4.7%

The company has a market capitalization of £45.18 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The firm has a fifty day moving average price of GBX 89.03 and a 200-day moving average price of GBX 84.28.

Videndum (LON:VID - Get Free Report) last released 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%. As a group, equities analysts anticipate that Videndum Plc will post 25.9978425 EPS 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.