Videndum (LON:VID) Shares Down 22.8% – Should You Sell?

Videndum Plc (LON:VID) shares fell 22.8% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 47.85 ($0.60). 6,538,865 shares traded hands during trading, an increase of 1,423% from the average session volume of 429,446 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VID. Shore Capital reissued a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Down 22.3 %

The firm has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The business’s 50 day moving average price is GBX 126.65 and its 200 day moving average price is GBX 230.24. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91.

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.