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

Videndum Plc (LON:VID) fell 22.3% during 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 recently commented on VID. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Down 22.3 %

The firm has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company 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 debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91.

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.