Videndum (LON:VID) Stock Price Down 2.4% – Here’s Why

Videndum Plc (LON:VID)’s stock price fell 2.4% on Wednesday . The stock traded as low as GBX 400 and last traded at GBX 400. 18,787 shares changed hands during trading, an increase of 96% from the average session volume of 9,604 shares. The stock had previously closed at GBX 410.

Videndum Price Performance

The company has a market cap of £161.18 million, a price-to-earnings ratio of -0.03 and a beta of 0.84. The company has a fifty day moving average price of GBX 421.44 and a two-hundred day moving average price of GBX 2,948.76. The company has a current ratio of 0.63, a quick ratio of 0.68 and a debt-to-equity ratio of 946.30.

Videndum (LON:VID) last announced its quarterly earnings results on Tuesday, March 31st. The company reported GBX (28,460) EPS for the quarter. The company had revenue of £228.30 million during the quarter. Videndum had a negative net margin of 30.14% and a negative return on equity of 178.70%. As a group, equities research analysts anticipate that Videndum Plc will post 25.9978425 EPS for the current fiscal 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. 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.