Videndum (LON:VID) Trading Down 22.3% – Time to Sell?

Videndum Plc (LON:VID)’s share price dropped 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares traded hands 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).

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th. Shore Capital reissued 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 price-to-earnings ratio of -1.28 and a beta of 1.00. The business has a 50 day moving average of GBX 130.88 and a 200 day moving average of 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.