Videndum (LON:VID) Shares Down 26.6% – Here’s What Happened

Shares of Videndum Plc (LON:VID) dropped 26.6% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 45.50 ($0.57). Approximately 5,172,123 shares traded hands during mid-day trading, an increase of 1,218% from the average daily volume of 392,507 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

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

Videndum Price Performance

The stock has a 50-day simple moving average of GBX 126.65 and a 200 day simple moving average of GBX 230.24. 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 company has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00.

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.