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

Videndum Plc (LON:VID) fell 22.3% on Friday . The company 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 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 Ratings Changes

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

Videndum Trading Down 22.3 %

The company has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The business’s fifty day moving average price is GBX 126.65 and its 200 day moving average price is GBX 230.24. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

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.