Videndum (LON:VID) Trading Up 31.7% - Here's Why

Key Points

• Videndum's shares surged by 31.7% during trading, reaching a high of GBX 49.90 ($0.67) and significantly increasing trading volume to approximately 2.8 million shares.
• The company has a current average analyst rating of "Buy" with a consensus target price of GBX 425, despite a recent quarterly loss of GBX (11.20) per share.
• Videndum operates in the premium branded hardware and software solutions market for content creation, serving a diverse customer base including broadcasters and independent creators.

Shares of Videndum Plc (LON:VID - Get Free Report) were up 31.7% during trading on Thursday . The stock traded as high as GBX 49.90 ($0.67) and last traded at GBX 48.74 ($0.65). Approximately 2,846,281 shares changed hands during trading, an increase of 881% from the average daily volume of 290,245 shares. The stock had previously closed at GBX 37 ($0.50).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed an "under review" rating on shares of Videndum in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Videndum presently has an average rating of "Buy" and a consensus target price of GBX 425.

Videndum Stock Up 33.3%

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The firm's 50 day simple moving average is GBX 50.21 and its two-hundred day simple moving average is GBX 72.49. The firm has a market cap of £51.10 million, a price-to-earnings ratio of -30.11 and a beta of 1.00.

Videndum (LON:VID - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX (11.20) earnings per share for the quarter. Videndum had a negative return on equity of 19.28% and a negative net margin of 15.04%. On average, equities analysts forecast that Videndum Plc will post 25.9978425 EPS 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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