Videndum (LON:VID) Trading Down 8.8% - Should You Sell?

Key Points

• Videndum Plc (LON:VID) shares fell by 8.8% during trading on Thursday, reaching a low of GBX 53 ($0.71) with a significant trading volume increase of 145% compared to average daily volumes.
• The company recently posted negative quarterly earnings of GBX (11.20) (($0.15)) per share and has a market cap of £50.45 million with a PE ratio of -1.43.
• Shore Capital has placed an "under review" rating on Videndum's shares, indicating potential concern regarding its current financial performance.

Videndum Plc (LON:VID - Get Free Report) fell 8.8% during mid-day trading on Thursday . The company traded as low as GBX 53 ($0.71) and last traded at GBX 53.80 ($0.72). 775,526 shares were traded during mid-day trading, an increase of 145% from the average session volume of 316,068 shares. The stock had previously closed at GBX 59 ($0.79).

Wall Street Analyst Weigh In

Separately, Shore Capital restated an "under review" rating on shares of Videndum in a research note on Wednesday, August 6th.

Videndum Trading Up 12.6%

The firm has a market capitalization of £48.57 million, a P/E ratio of -1.37 and a beta of 1.00. The business has a 50 day moving average of GBX 89.03 and a 200-day moving average of GBX 84.28. 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 posted its quarterly earnings results on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) EPS for the quarter. Videndum had a negative net margin of 15.04% and a negative return on equity of 19.28%. Analysts anticipate that Videndum Plc will post 25.9978425 EPS for the current fiscal 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.