Videndum (LON:VID) Reaches New 12-Month Low – Time to Sell?

Videndum Plc (LON:VID)’s stock price hit a new 52-week low on Friday . The company traded as low as GBX 87.64 ($1.10) and last traded at GBX 88 ($1.11), with a volume of 148448 shares traded. The stock had previously closed at GBX 93 ($1.17).

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.35) target price on shares of Videndum in a research report on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Trading Down 5.4 %

The stock has a 50 day simple moving average of GBX 146.10 and a 200-day simple moving average of GBX 238.85. The firm has a market capitalization of £82.52 million, a P/E ratio of -2.33 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.

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.