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

Videndum Plc (LON:VID) shares were down 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares were traded during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analysts Forecast Growth

VID has been the topic of several research reports. Shore Capital reissued 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) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Trading Down 22.3 %

The firm has a 50-day moving average price of GBX 126.65 and a 200-day moving average price of GBX 229.59. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The stock has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00.

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.