Videndum (LON:VID) Shares Down 29.8% – Time to Sell?

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.39) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Performance

The company has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 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. The stock’s fifty day simple moving average is GBX 130.88 and its 200 day simple moving average is GBX 232.17.

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.