Videndum (LON:VID) Reaches New 1-Year Low – Here’s Why

Videndum Plc (LON:VID)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 153 ($1.92) and last traded at GBX 155 ($1.95), with a volume of 83224 shares trading hands. The stock had previously closed at GBX 153 ($1.92).

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VID shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.34) price objective on shares of Videndum in a research report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Trading Up 1.3 %

The firm’s 50-day simple moving average is GBX 253.81 and its 200 day simple moving average is GBX 287.97. 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 firm has a market capitalization of £145.99 million, a price-to-earnings ratio of -360.47 and a beta of 1.00.

Insider Transactions at Videndum

In related news, insider Stephen C. Harris purchased 21,033 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of GBX 238 ($2.99) per share, with a total value of £50,058.54 ($62,919.23). 5.55% of the stock is owned by insiders.

Videndum Company Profile

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three segments: Media Solutions, Production Solutions, and Creative Solutions.