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

Shares of Videndum Plc (LON:VID) fell 22.3% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares traded hands during 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).

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.37) price objective on shares of Videndum in a report on Monday, December 16th.

Videndum Stock 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 firm has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The stock’s fifty day moving average is GBX 130.88 and its two-hundred day moving average is GBX 232.17.

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.