Videndum (LON:VID) Trading Down 0.4% - What's Next?

Key Points

• Videndum's stock price declined by 0.4%, trading at GBX 50.40 ($0.68) with a volume drop of 83% from its average daily volume.
• Analysts maintain an average rating of "Buy" for Videndum, with a consensus price target of GBX 425.
• The company reported negative earnings of GBX (11.20) per share for the last quarter, alongside a negative return on equity of 19.28%.

Videndum Plc (LON:VID - Get Free Report)'s stock price was down 0.4% on Tuesday . The stock traded as low as GBX 48.73 ($0.65) and last traded at GBX 50.40 ($0.68). Approximately 52,160 shares changed hands during trading, a decline of 83% from the average daily volume of 311,913 shares. The stock had previously closed at GBX 50.60 ($0.68).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed an "under review" rating on shares of Videndum in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 425.

Videndum Trading Down 0.4%

The company has a 50 day moving average of GBX 81.31 and a two-hundred day moving average of GBX 78.73. 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 stock has a market capitalization of £52.22 million, a PE ratio of -32.35 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported GBX (11.20) earnings per share for the quarter. Videndum had a negative return on equity of 19.28% and a negative net margin of 15.04%. Sell-side analysts predict 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.

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