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Shore Capital Reiterates "Under review" Rating for Videndum (LON:VID)

Videndum logo with Computer and Technology background

Key Points

  • Videndum's stock rating has been reiterated as "under review" by Shore Capital amidst ongoing trading challenges.
  • The company's stock has experienced a significant decline, down 34.6%, trading at GBX 69.32 ($0.92) with a market capitalization of £65 million.
  • Videndum, formerly known as The Vitec Group plc, specializes in hardware and software solutions for the content creation market, catering to a diverse range of customers.
  • Want stock alerts on Videndum? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Videndum (LON:VID - Get Free Report)'s stock had its "under review" rating restated by analysts at Shore Capital in a note issued to investors on Wednesday, August 6th, MarketBeat reports.

Videndum Stock Up 5.4%

Shares of LON VID traded up GBX 2.80 during midday trading on Wednesday, reaching GBX 54.20. 215,568 shares of the company's stock were exchanged, compared to its average volume of 325,301. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. Videndum has a 52-week low of GBX 28.30 and a 52-week high of GBX 349.50. The business's fifty day moving average price is GBX 86.30 and its two-hundred day moving average price is GBX 81.85. The stock has a market capitalization of £50.82 million, a PE ratio of -1.44 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 net margin of 15.04% and a negative return on equity of 19.28%. Analysts forecast that Videndum will post 25.9978425 EPS for the current year.

About Videndum

(Get Free Report)

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.

Further Reading

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