Videndum (LON:VID) Stock Price Down 22.3% – What’s Next?

Videndum Plc (LON:VID)’s share price fell 22.3% during mid-day trading on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares traded hands during mid-day 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).

Analyst Upgrades and Downgrades

VID has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.37) price objective on shares of Videndum in a research report on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Down 22.3 %

The firm has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The business has a 50 day moving average of GBX 130.88 and a 200 day 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.