Videndum (LON:VID) Shares Down 22.3% – What’s Next?

Videndum Plc (LON:VID)’s stock price fell 22.3% on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares were traded during mid-day trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analysts Set New Price Targets

Several analysts recently issued reports on VID shares. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Down 22.3 %

The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The business has a 50 day simple moving average of GBX 130.88 and a 200-day simple moving average of GBX 232.17. The firm has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

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.