Videndum (LON:VID) Stock Price Down 41.7% - Here's What Happened

Key Points

• Videndum Plc's stock plummeted 41.7% on Wednesday, trading as low as GBX 57.20 ($0.76) after closing at GBX 106 ($1.41).
• The company reported a negative earnings per share of GBX (11.20) (($0.15)) and has a market cap of £57.95 million, indicating challenges in its financial performance.
• Analysts at Shore Capital have reissued an "under review" rating for Videndum, suggesting uncertainty surrounding the stock's future prospects.

Videndum Plc (LON:VID - Get Free Report) shares fell 41.7% on Wednesday . The stock traded as low as GBX 57.20 ($0.77) and last traded at GBX 61.80 ($0.83). 2,011,021 shares changed hands during trading, an increase of 540% from the average session volume of 314,226 shares. The stock had previously closed at GBX 106 ($1.43).

Analyst Ratings Changes

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

Videndum Stock Down 14.5%

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The firm has a 50 day moving average of GBX 89.03 and a 200 day moving average of GBX 84.58. The firm has a market cap of £43.13 million, a price-to-earnings ratio of -1.22 and a beta of 1.00.

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