Videndum (LON:VID) Stock Price Down 22.3% – Here’s Why

Videndum Plc (LON:VID) traded down 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares changed hands during 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).

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Price Performance

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The stock has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a fifty day moving average of GBX 130.88 and a 200-day moving average of GBX 232.17.

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.