Videndum (LON:VID) Trading Down 8.8% - What's Next?

Key Points

• Videndum Plc's stock price fell by 8.8% to GBX 53.80 ($0.72), with trading volume significantly increasing to 775,526 shares, well above the average.
• The company's latest quarterly earnings reported a negative EPS of GBX (11.20) (($0.15)), alongside a negative net margin of 15.04%.
• Shore Capital has placed Videndum under an "under review" rating, reflecting concerns about the company's financial outlook and performance.

Videndum Plc (LON:VID - Get Free Report)'s stock price traded down 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).

Analyst Upgrades and Downgrades

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

Videndum Stock Down 8.8%

The stock has a market capitalization of £50.45 million, a P/E ratio of -1.43 and a beta of 1.00. The stock has a fifty day moving average price of GBX 89.61 and a 200 day moving average price of GBX 85.46. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

Videndum (LON:VID - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts forecast that Videndum Plc will post 25.9978425 earnings per share 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.

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