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

Videndum Plc (LON:VID) traded down 22.3% during mid-day trading on Saturday . The stock 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

Several analysts recently issued reports on the stock. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.38) price objective on shares of Videndum in a research note on Monday, December 16th.

Videndum Trading Down 22.3 %

The company’s fifty 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. The firm has a market cap of £45.20 million, a P/E 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.