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

Videndum Plc (LON:VID) fell 22.3% during mid-day trading 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 were traded 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).

Analysts Set New Price Targets

A number of brokerages recently issued reports on VID. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.38) price objective on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Down 22.3 %

The business has a 50-day simple moving average of GBX 126.65 and a two-hundred day simple moving average of GBX 229.59. The company has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44.

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.