Videndum (LON:VID) Stock Price Down 30.3% – Here’s Why

Videndum Plc (LON:VID) shares dropped 30.3% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). Approximately 6,276,511 shares changed hands during mid-day trading, an increase of 1,386% from the average daily volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

VID has been the subject of several research analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research note on Monday, December 16th.

Videndum Price Performance

The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The business has a 50 day simple moving average of GBX 126.65 and a 200-day simple moving average of GBX 230.24. The stock has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00.

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.