Videndum (LON:VID) Trading Down 22.3% – Time to Sell?

Videndum Plc (LON:VID)’s stock price was down 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). Approximately 6,623,770 shares were traded 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).

Analysts Set New Price Targets

Several equities research analysts have recently commented on VID shares. Shore Capital reaffirmed 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 ($5.37) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Performance

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The company’s 50 day moving average is GBX 130.88 and its 200-day moving average is GBX 232.17. The company has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00.

Videndum Company Profile

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.