Videndum (LON:VID) Shares Down 27.5% – What’s Next?

Videndum Plc (LON:VID) traded down 27.5% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 44.95 ($0.57). 5,641,809 shares changed hands during trading, an increase of 1,292% from the average session volume of 405,201 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Shore Capital reaffirmed 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 ($5.39) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Price Performance

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 has a market cap of £42.15 million, a price-to-earnings ratio of -1.19 and a beta of 1.00. The stock has a 50-day moving average price of GBX 130.88 and a two-hundred day moving average price of 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.