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Videndum (LON:VID) Stock Price Up 19.2% - Here's Why

Videndum logo with Computer and Technology background

Videndum Plc (LON:VID - Get Free Report)'s stock price shot up 19.2% on Wednesday . The stock traded as high as GBX 83 ($1.10) and last traded at GBX 81.50 ($1.08). 173,877 shares were traded during trading, a decline of 59% from the average session volume of 424,554 shares. The stock had previously closed at GBX 68.40 ($0.91).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "hold" rating on shares of Videndum in a report on Monday, March 31st.

Read Our Latest Research Report on Videndum

Videndum Stock Down 3.4 %

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 £74.83 million, a price-to-earnings ratio of -2.11 and a beta of 1.00. The firm's 50 day simple moving average is GBX 80.77 and its two-hundred day simple moving average is GBX 150.02.

Videndum (LON:VID - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported GBX (17.90) (($0.24)) earnings per share (EPS) for the quarter. Videndum had a negative net margin of 15.04% and a negative return on equity of 19.28%. On average, equities analysts forecast that Videndum Plc will post 25.9978425 EPS for the current year.

About Videndum

(Get Free Report)

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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