Videndum (LON:VID) Shares Down 30.3% – Should You Sell?

Videndum Plc (LON:VID)’s share price fell 30.3% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). 6,276,511 shares traded hands during trading, an increase of 1,386% from the average session volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Ratings Changes

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

Videndum Price Performance

The company’s 50-day moving average is GBX 126.65 and its 200-day moving average 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. The firm has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

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.