Videndum (LON:VID) Trading Up 8.8% – Time to Buy?

Videndum Plc (LON:VID) shares traded up 8.8% on Thursday . The stock traded as high as GBX 83.80 ($1.15) and last traded at GBX 83.80 ($1.15). 110,052 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 333,519 shares. The stock had previously closed at GBX 77 ($1.06).

Analyst Ratings Changes

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

Videndum Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The firm has a 50 day moving average of GBX 75.82 and a 200-day moving average of GBX 98.93. The company has a market cap of £78.58 million, a P/E ratio of -2.22 and a beta of 1.00.

Videndum (LON:VID) last announced its quarterly earnings results on Wednesday, April 30th. The company reported GBX (17.90) (($0.25)) earnings per share for the quarter. Videndum had a negative return on equity of 19.28% and a negative net margin of 15.04%. As a group, sell-side 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.