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

Videndum Plc (LON:VID)’s share price traded down 30.3% during mid-day trading on Friday . The company 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 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 Upgrades and Downgrades

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

Videndum Trading Down 30.3 %

The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The business’s 50 day simple moving average is GBX 130.88 and its 200 day simple moving average is GBX 232.17. The stock has a market cap of £40.55 million, a P/E ratio of -1.15 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.