Shares of Videndum Plc (LON:VID – Get Free Report) dropped 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares were traded during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).
Analyst Upgrades and Downgrades
VID has been the topic of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.38) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th.
View Our Latest Research Report on Videndum
Videndum Price Performance
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.
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