Videndum (LON:VID) Stock Price Down 29.8% – Should You Sell?

Videndum Plc (LON:VID)’s stock price traded down 29.8% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). Approximately 6,950,746 shares changed hands during mid-day trading, an increase of 1,478% from the average session volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

Several research firms recently issued reports on VID. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a research note on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Down 22.3 %

The company has a 50 day moving average of GBX 126.65 and a 200 day 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 stock has a market capitalization of £45.20 million, a price-to-earnings 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.