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

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

A number of research firms recently weighed in on VID. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.38) price objective 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 report on Friday, December 13th.

Videndum Stock Down 22.3 %

The firm’s 50 day moving average is GBX 126.65 and its two-hundred day moving average 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. The stock has a market cap of £45.20 million, a price-to-earnings 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.