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

Videndum Plc (LON:VID) shares dropped 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). Approximately 6,623,770 shares were traded during mid-day 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

VID has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.38) target price on shares of Videndum in a research note on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Stock Performance

The stock has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The company has a 50 day simple moving average of GBX 126.65 and a 200-day simple moving average of GBX 229.59. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

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.