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

Videndum Plc (LON:VID) shares traded down 22.3% during 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 were traded during mid-day 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

A number of analysts have recently commented on the company. Shore Capital reissued 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) price target on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Performance

The company has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. 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 fifty day moving average is GBX 126.65 and its two-hundred day moving average is GBX 230.24.

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.