Videndum (LON:VID) Stock Price Down 22.3% – Here’s Why

Videndum Plc (LON:VID) shares were down 22.3% during trading on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares changed hands during 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).

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Price Performance

The stock has a fifty day simple moving average of GBX 130.88 and a two-hundred day simple moving average of GBX 232.17. The company has a market cap of £45.20 million, a PE 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.

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.