Videndum (LON:VID) Shares Down 22.3% – Should You Sell?

Videndum Plc (LON:VID) shares traded down 22.3% 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).

Wall Street Analysts Forecast Growth

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

Videndum Trading 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’s fifty day simple moving average is GBX 130.88 and its 200-day simple moving average is GBX 232.17. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

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.