Videndum (LON:VID) Shares Down 22.3% – Should You Sell?

Videndum Plc (LON:VID) dropped 22.3% on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares traded hands during 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 subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.38) price target on shares of Videndum in a report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Down 22.3 %

The company has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The firm’s 50 day moving average price is GBX 126.65 and its two-hundred day moving average price is GBX 229.59. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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.