Videndum (LON:VID) Stock Price Down 44.3% - Should You Sell?

Key Points

• Shares of Videndum Plc plummeted 44.3%, trading as low as GBX 57.20 ($0.76), significantly down from its previous close of GBX 106 ($1.41).
• The company reported a quarterly loss of GBX (11.20) (($0.15)) per share, indicating a negative net margin of 15.04% and a negative return on equity of 19.28%.
• Currently, Shore Capital has placed an "under review" rating on Videndum shares as they navigate market challenges.

Shares of Videndum Plc (LON:VID - Get Free Report) dropped 44.3% during trading on Wednesday . The stock traded as low as GBX 57.20 ($0.77) and last traded at GBX 59 ($0.79). Approximately 1,829,691 shares were traded during mid-day trading, an increase of 485% from the average daily volume of 313,025 shares. The stock had previously closed at GBX 106 ($1.43).

Wall Street Analyst Weigh In

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

Videndum Price Performance

The stock's fifty day moving average price is GBX 89.03 and its two-hundred day moving average price is GBX 84.28. The firm has a market capitalization of £43.13 million, a price-to-earnings ratio of -1.22 and a beta of 1.00. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

Videndum (LON:VID - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) earnings per share for the quarter. Videndum had a negative net margin of 15.04% and a negative return on equity of 19.28%. Equities research analysts expect that Videndum Plc will post 25.9978425 EPS for the current year.

Videndum Company Profile

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.