Videndum (LON:VID) Trading Down 8.8% - Here's What Happened

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)'s share price was down 8.8% on Thursday . The company traded as low as GBX 53 ($0.71) and last traded at GBX 53.80 ($0.72). Approximately 775,526 shares were traded during mid-day trading, an increase of 145% from the average daily volume of 316,068 shares. The stock had previously closed at GBX 59 ($0.79).

Analyst Upgrades and Downgrades

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

Videndum Trading Up 12.6%

The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The stock's 50-day simple moving average is GBX 89.03 and its 200-day simple moving average is GBX 84.28. The firm has a market capitalization of £48.57 million, a PE ratio of -1.37 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) earnings per share (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, sell-side analysts expect 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.