Videndum (LON:VID) Shares Down 36.7% – Should You Sell?

Videndum Plc (LON:VID) shares traded down 36.7% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 39.26 ($0.50). 4,063,379 shares were traded during trading, an increase of 1,035% from the average session volume of 357,888 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analysts Forecast Growth

VID has been the subject of several analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.39) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Price 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 business’s 50-day simple moving average is GBX 130.88 and its two-hundred day simple moving average is GBX 232.17. The firm has a market cap of £36.81 million, a price-to-earnings ratio of -1.04 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.