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

Key Points

• Videndum Plc's shares fell 8.8%, trading as low as GBX 53 ($0.71) amid increased volume of 775,526 shares.
• Shore Capital has reissued an "under review" rating on Videndum, indicating uncertainty about its future performance.
• For the last quarter, Videndum reported a negative EPS of GBX (11.20) (($0.15)) and has a negative net margin of 15.04%.

Videndum Plc (LON:VID - Get Free Report) shares fell 8.8% during 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 traded hands 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 reissued an "under review" rating on shares of Videndum in a report on Wednesday.

Videndum Price Performance

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 market cap of £50.45 million, a PE ratio of -1.43 and a beta of 1.00. The stock has a 50 day moving average price of GBX 89.61 and a two-hundred day moving average price of GBX 85.46.

Videndum (LON:VID - Get Free Report) last announced its 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%. As a group, equities analysts expect 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.

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