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

Shares of Videndum Plc (LON:VID) dropped 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). 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 ($0.78).

Analyst Upgrades and Downgrades

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

Videndum Trading Down 22.3 %

The company has a 50 day simple moving average of GBX 130.88 and a 200 day simple moving average of GBX 232.17. 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 company has a market capitalization of £45.20 million, a PE 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.