Videndum (LON:VID) Shares Down 36.7% – Should You Sell?

Videndum Plc (LON:VID)’s stock price was down 36.7% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 39.26 ($0.50). Approximately 4,063,379 shares were traded during mid-day trading, an increase of 1,035% from the average daily volume of 357,888 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

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

Videndum Trading Down 22.3 %

The stock has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. 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 business’s 50 day simple moving average is GBX 126.65 and its 200-day simple moving average is GBX 230.24.

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.