Videndum (LON:VID) Shares Down 30.3% – Here’s What Happened

Shares of Videndum Plc (LON:VID) traded down 30.3% during trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). 6,276,511 shares traded hands during mid-day trading, an increase of 1,386% from the average session volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

VID has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.39) price objective on shares of Videndum in a research note on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Trading Down 29.4 %

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 capitalization of £41.07 million, a price-to-earnings ratio of -1.16 and a beta of 1.00. The firm has a fifty day moving average price of GBX 130.88 and a 200-day moving average price of GBX 232.17.

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.