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

Videndum Plc (LON:VID) shares traded down 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).

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Shore Capital reiterated a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.38) price target on shares of Videndum in a research note on Monday, December 16th.

Videndum Price Performance

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 stock has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The stock has a fifty day moving average of GBX 126.65 and a 200 day moving average of GBX 229.59.

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.