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

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 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 changed hands during 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 Analysts Forecast Growth

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

Videndum Stock Up 9.1%

The firm has a market cap of £47.05 million, a PE ratio of -1.33 and a beta of 1.00. The business's 50 day moving average price is GBX 89.03 and its 200 day moving average price is GBX 84.28. 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 released its earnings results on Wednesday, August 6th. The company reported GBX (11.20) (($0.15)) EPS for the quarter. Videndum had a negative return on equity of 19.28% and a negative net margin of 15.04%. On average, equities research analysts expect 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.