Videndum (LON:VID) Shares Down 22.3% – Time to Sell?

Videndum Plc (LON:VID)’s stock price traded down 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). 6,622,735 shares traded hands during mid-day trading, an increase of 1,434% from the average session volume of 431,712 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

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

Videndum Stock Down 22.3 %

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The stock’s 50-day moving average is GBX 130.88 and its 200-day moving average is GBX 232.17. The company has a market cap of £45.20 million, a price-to-earnings 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.