Videndum (LON:VID) Sets New 52-Week Low – Here’s Why

Shares of Videndum Plc (LON:VID) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 205 and last traded at GBX 204, with a volume of 39214 shares trading hands. The stock had previously closed at GBX 245.

Videndum Stock Performance

The company has a debt-to-equity ratio of 43.41, a current ratio of 2.11 and a quick ratio of 0.68. The business has a 50-day moving average of GBX 311.05 and a 200-day moving average of GBX 645.65. The company has a market capitalization of £82.20 million, a P/E ratio of -0.01 and a beta of 0.79.

Videndum (LON:VID) last announced its earnings results on Wednesday, August 5th. The company reported GBX (66.10) earnings per share (EPS) for the quarter. Videndum had a negative net margin of 22.40% and a negative return on equity of 75.59%. On average, sell-side analysts anticipate that Videndum Plc will post 25.9978425 EPS for the current year.

Insider Transactions at Videndum

In other Videndum news, insider Jan Peter Tewes acquired 37,500 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of GBX 224 per share, for a total transaction of £84,000. 1.36% of the stock is currently owned by 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.