Videndum (LON:VID) Stock Price Down 22.3% – What’s Next?

Videndum Plc (LON:VID) fell 22.3% during trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares were traded during mid-day trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.39) price target on shares of Videndum in a research report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Down 22.3 %

The business’s 50-day moving average price is GBX 130.88 and its 200-day moving average price is GBX 232.17. The firm has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

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.