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

Shares of Videndum Plc (LON:VID) dropped 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares traded hands during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VID shares. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Price Performance

The business has a fifty day moving average of GBX 130.88 and a 200 day moving average of GBX 232.17. The firm has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44.

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.