Videndum (LON:VID) Trading Down 22.3% – Here’s Why

Videndum Plc (LON:VID)’s share price was down 22.3% during trading on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares were traded during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

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

Videndum Stock Down 22.3 %

The firm has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a fifty day simple moving average of GBX 130.88 and a two-hundred day simple moving average of GBX 232.17. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91.

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.