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

Shares of Videndum Plc (LON:VID) fell 22.3% during trading 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

A number of analysts have recently commented on the company. Jefferies Financial Group restated 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 reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Price Performance

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 stock has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The stock’s fifty day moving average is GBX 130.88 and its 200-day 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.