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

Videndum Plc (LON:VID)’s stock price fell 22.3% during mid-day trading 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 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).

Wall Street Analyst Weigh In

A number of research firms have issued reports on VID. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Trading Down 22.3 %

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

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.