Videndum (LON:VID) Stock Price Down 29.8% – Here’s Why

Videndum Plc (LON:VID) traded down 29.8% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). 6,950,746 shares traded hands during trading, an increase of 1,478% from the average session volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analysts Forecast Growth

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

Videndum Trading Down 22.3 %

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 stock has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The business’s fifty day simple moving average is GBX 126.65 and its 200 day simple moving average is GBX 230.24.

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.