Videndum (LON:VID) Shares Down 1.3% – Here’s What Happened

Videndum Plc (LON:VID) shares were down 1.3% during trading on Monday . The stock traded as low as GBX 85.10 ($1.11) and last traded at GBX 86 ($1.12). Approximately 17,772 shares traded hands during trading, a decline of 97% from the average daily volume of 588,750 shares. The stock had previously closed at GBX 87.10 ($1.13).

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.52) price objective on shares of Videndum in a research note on Monday, December 16th.

Videndum Trading Down 1.3 %

The company has a market cap of £80.64 million, a price-to-earnings ratio of -2.28 and a beta of 1.00. The business’s fifty day moving average price is GBX 98.16 and its 200 day moving average price is GBX 200.83. 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.