Videndum (LON:VID) Sets New 1-Year Low – Time to Sell?

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

Videndum Price Performance

The stock has a market capitalization of £85.39 million, a price-to-earnings ratio of -0.02 and a beta of 0.79. The company has a 50 day moving average of GBX 304.59 and a 200 day moving average of GBX 611.04. The company has a quick ratio of 0.68, a current ratio of 2.11 and a debt-to-equity ratio of 43.41.

Videndum (LON:VID) last issued its quarterly earnings results on Wednesday, August 5th. The company reported GBX (66.10) earnings per share (EPS) for the quarter. Videndum had a negative return on equity of 75.59% and a negative net margin of 22.40%. As a group, equities research analysts forecast that Videndum Plc will post 25.9978425 EPS for the current fiscal year.

Insider Activity

In related news, insider Jan Peter Tewes bought 37,500 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of GBX 224 per share, for a total transaction of £84,000. Corporate insiders own 1.36% of the company’s stock.

Videndum Company Profile

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.