Videndum (LON:VID) Stock Price Down 8.8% - What's Next?

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)'s stock price fell 8.8% during mid-day trading on Thursday . The company traded as low as GBX 53 ($0.71) and last traded at GBX 53.80 ($0.72). 775,526 shares traded hands during mid-day trading, an increase of 145% from the average session volume of 316,068 shares. The stock had previously closed at GBX 59 ($0.79).

Wall Street Analysts Forecast Growth

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

Videndum Price Performance

The stock has a fifty day simple moving average of GBX 89.61 and a 200-day simple moving average of GBX 85.46. 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 company has a market capitalization of £50.45 million, a PE ratio of -1.43 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%. Equities analysts anticipate 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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