Videndum (LON:VID) Hits New 12-Month Low – Time to Sell?

Videndum Plc (LON:VID) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 191 and last traded at GBX 207, with a volume of 66789 shares changing hands. The stock had previously closed at GBX 206.

Videndum Stock Performance

The firm has a fifty day moving average of GBX 255.30 and a 200-day moving average of GBX 414.09. The company has a quick ratio of 0.68, a current ratio of 2.11 and a debt-to-equity ratio of 43.41. The firm has a market cap of £83.41 million, a P/E ratio of -0.02 and a beta of 0.80.

Videndum (LON:VID) last announced its quarterly earnings data on Wednesday, August 5th. The company reported GBX (66.10) earnings per share for the quarter. Videndum had a negative return on equity of 75.59% and a negative net margin of 22.40%. Research analysts predict that Videndum Plc will post 25.9978425 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Videndum news, insider Jan Peter Tewes acquired 37,500 shares of Videndum stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of GBX 224 per share, with a total value of £84,000. 3.16% of the stock is owned by corporate insiders.

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. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags, backgrounds and motion control, audio capture and noise reduction equipment.