Videndum (LON:VID) Trading Down 30.3% – Should You Sell?

Videndum Plc (LON:VID) was down 30.3% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). Approximately 6,276,511 shares changed hands during mid-day trading, an increase of 1,386% from the average daily volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

A number of analysts recently issued reports on VID shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.39) target price on shares of Videndum in a research report on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Price Performance

The stock has a market capitalization of £41.07 million, a P/E ratio of -1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The company’s 50-day simple moving average is GBX 130.88 and its 200-day simple moving average is GBX 232.17.

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.