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

Shares of Videndum Plc (LON:VID) traded 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). 6,623,770 shares traded hands during 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).

Analyst Upgrades and Downgrades

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

Videndum Stock Down 22.3 %

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 company has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The stock’s fifty day simple moving average is GBX 126.65 and its two-hundred day simple moving average is 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.