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

Videndum Plc (LON:VID)’s stock price fell 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).

Analysts Set New Price Targets

Several research firms have recently issued reports on VID. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.38) price target on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Stock 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 firm has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a fifty day moving average price of GBX 126.65 and a two-hundred day moving average price of GBX 229.59.

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.