Videndum (LON:VID) Stock Price Down 22.8% – Should You Sell?

Videndum Plc (LON:VID) shares fell 22.8% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 47.85 ($0.60). 6,538,865 shares changed hands during mid-day trading, an increase of 1,423% from the average session volume of 429,446 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

A number of research firms have weighed in on VID. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th. 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.

Videndum Trading Down 22.3 %

The firm has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The company’s 50 day moving average price is GBX 126.65 and its two-hundred day moving average price 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.