Videndum (LON:VID) Stock Price Down 22.3% – Should You Sell?

Videndum Plc (LON:VID)’s share price dropped 22.3% 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 were traded during mid-day 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 Analysts Forecast Growth

A number of equities analysts have commented on VID shares. Shore Capital restated a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Price Performance

The company has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The company has a fifty day simple moving average of GBX 130.88 and a 200-day simple moving average of GBX 232.17. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

Videndum Company Profile

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.