Videndum (LON:VID) Trading Up 6.2% – What’s Next?

Videndum Plc (LON:VID) shares shot up 6.2% on Monday . The stock traded as high as GBX 53.90 ($0.68) and last traded at GBX 51.20 ($0.65). 1,947,030 shares changed hands during trading, an increase of 313% from the average session volume of 471,633 shares. The stock had previously closed at GBX 48.20 ($0.61).

Analyst Ratings Changes

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

Videndum Price Performance

The stock’s 50 day moving average is GBX 118.63 and its two-hundred day moving average is GBX 226.58. The stock has a market capitalization of £76.09 million, a PE ratio of -2.15 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.