Videndum (LON:VID) Stock Price Down 2.2% – Here’s Why

Videndum Plc (LON:VID)’s stock price dropped 2.2% during mid-day trading on Wednesday . The stock traded as low as GBX 358.68 and last traded at GBX 368. Approximately 13,188 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 10,750 shares. The stock had previously closed at GBX 376.40.

Videndum Stock Performance

The company has a market cap of £148.28 million, a P/E ratio of -0.03 and a beta of 0.84. The company has a 50 day moving average price of GBX 388.15 and a 200-day moving average price of GBX 2,193.87. The company has a quick ratio of 0.68, a current ratio of 0.63 and a debt-to-equity ratio of 946.30.

Videndum (LON:VID) last released its quarterly earnings results on Tuesday, March 31st. The company reported GBX (28,460) earnings per share (EPS) for the quarter. Videndum had a negative return on equity of 178.70% and a negative net margin of 30.14%.The business had revenue of £228.30 million during the quarter. Equities analysts expect 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.