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

Shares of 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 were traded 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).

Wall Street Analyst Weigh In

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

Videndum Price Performance

The company has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The company’s 50-day moving average price is GBX 126.65 and its two-hundred day moving average price is 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.

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.