Videndum (LON:VID) Trading Up 0.5% – What’s Next?

Shares of Videndum Plc (LON:VID) were up 0.5% during mid-day trading on Friday . The stock traded as high as GBX 109.92 ($1.48) and last traded at GBX 105.50 ($1.42). Approximately 126,255 shares traded hands during trading, a decline of 60% from the average daily volume of 316,300 shares. The stock had previously closed at GBX 105 ($1.41).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “hold” rating on shares of Videndum in a report on Monday, March 31st.

Videndum Stock Performance

The company has a market cap of £98.93 million, a PE ratio of -2.80 and a beta of 1.00. 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 business has a fifty day moving average of GBX 81.16 and a 200-day moving average of GBX 88.55.

Videndum (LON:VID) last announced its quarterly earnings results on Wednesday, April 30th. The company reported GBX (17.90) (($0.24)) earnings per share (EPS) for the quarter. Videndum had a negative net margin of 15.04% and a negative return on equity of 19.28%. Equities research analysts anticipate that Videndum Plc will post 25.9978425 earnings per share 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.