Videndum (LON:VID) Sets New 52-Week Low – Here’s Why

Videndum Plc (LON:VID)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 92 ($1.13) and last traded at GBX 94 ($1.15), with a volume of 501571 shares. The stock had previously closed at GBX 100 ($1.23).

Analyst Upgrades and Downgrades

Several research firms have issued reports on VID. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.22) price target on shares of Videndum in a research note on Monday, December 16th.

Videndum Price Performance

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The firm has a market cap of £88.54 million, a P/E ratio of -218.60 and a beta of 1.00. The business has a fifty day moving average of GBX 177.21 and a 200 day moving average of GBX 253.56.

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.