Videndum (LON:VID) Shares Down 27.5% – Here’s Why

Videndum Plc (LON:VID) shares were down 27.5% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 44.95 ($0.57). Approximately 5,641,809 shares traded hands during mid-day trading, an increase of 1,292% from the average daily volume of 405,201 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VID shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Price Performance

The stock has a fifty day moving average of GBX 126.65 and a two-hundred day moving average of GBX 230.24. The stock has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a current ratio of 1.91, a quick ratio of 0.68 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.