Videndum (LON:VID) Hits New 12-Month Low – Here’s Why

Videndum Plc (LON:VID) hit a new 52-week low on Friday . The stock traded as low as GBX 125 ($1.56) and last traded at GBX 128 ($1.60), with a volume of 37983 shares. The stock had previously closed at GBX 127 ($1.59).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VID shares. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.31) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Trading Up 0.8 %

The company has a 50 day simple moving average of GBX 192.47 and a two-hundred day simple moving average of GBX 259.85. 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 firm has a market cap of £120.56 million, a PE ratio of -297.67 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.