Videndum (LON:VID) Shares Down 22.3% – Time to Sell?

Videndum Plc (LON:VID)’s share price traded down 22.3% during trading 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 were traded 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).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.38) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Stock Performance

The company has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. 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’s fifty day simple moving average is GBX 126.65 and its 200-day simple moving average is 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.