Videndum (LON:VID) Stock Price Down 22.3% – What’s Next?

Videndum Plc (LON:VID)’s share price was 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 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).

Analyst Ratings Changes

A number of research analysts recently weighed in on VID shares. Jefferies Financial Group restated a “buy” rating and set 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 Trading Down 22.3 %

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

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.