Videndum (LON:VID) Trading Down 42.5% - Should You Sell?

Key Points

• Videndum Plc shares experienced a sharp decline of 42.5%, trading as low as GBX 57.20 ($0.76) before recovering slightly to GBX 60.97 ($0.81) amidst a surge in trading volume.
• The company reported a negative EPS of GBX (11.20) (($0.15)) for the last quarter, reflecting significant financial difficulties with a negative return on equity of 19.28%.
• Current analysts rate Videndum as "under review", indicating uncertainty about its future performance in light of recent results and market movements.

Videndum Plc (LON:VID - Get Free Report) shares fell 42.5% on Wednesday . The stock traded as low as GBX 57.20 ($0.76) and last traded at GBX 60.97 ($0.81). 2,247,184 shares traded hands during trading, an increase of 612% from the average session volume of 315,506 shares. The stock had previously closed at GBX 106 ($1.41).

Analyst Upgrades and Downgrades

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

Videndum Stock Down 44.3%

The firm has a market capitalization of £55.32 million, a PE ratio of -1.56 and a beta of 1.00. The company has a fifty day simple moving average of GBX 90.40 and a two-hundred day simple moving average of GBX 86.16. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91.

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%. Analysts forecast that Videndum Plc will post 25.9978425 EPS for the current fiscal 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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