Videndum (LON:VID) Stock Price Down 36.7% – What’s Next?

Videndum Plc (LON:VID) dropped 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 changed hands 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 Analysts Forecast Growth

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

Videndum Stock Performance

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The company’s 50-day simple moving average is GBX 126.65 and its 200-day simple moving average is GBX 230.24. The stock 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.