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

Videndum Plc (LON:VID)’s share price fell 22.3% during mid-day trading on Saturday . 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).

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VID. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Performance

The stock’s fifty day simple moving average is GBX 130.88 and its 200-day simple moving average is GBX 232.17. 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 has a market capitalization of £45.20 million, a price-to-earnings 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.