Videndum (LON:VID) Stock Price Down 29.8% – Here’s What Happened

Videndum Plc (LON:VID)’s share price was down 29.8% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). Approximately 6,950,746 shares changed hands during trading, an increase of 1,478% from the average daily volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VID shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.39) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Down 22.3 %

The company has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The company’s 50-day moving average is GBX 130.88 and its two-hundred day moving average is GBX 232.17.

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.