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

Shares of Videndum Plc (LON:VID) fell 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares changed hands during trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analysts Set New Price Targets

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

Videndum Stock Performance

The firm has a 50-day moving average of GBX 130.88 and a two-hundred day moving average of GBX 232.17. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The company has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00.

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.