Videndum (LON:VID) Trading Down 22.3% – Should You Sell?

Videndum Plc (LON:VID)’s stock price dropped 22.3% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares changed hands during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

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

Videndum Price Performance

The firm 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 50-day moving average of GBX 130.88 and a 200 day moving average of GBX 232.17. The company has a current ratio of 1.91, a quick ratio of 0.68 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.