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

Videndum Plc (LON:VID)’s stock price was down 22.3% during mid-day trading on Friday . 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 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

VID has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Down 22.3 %

The firm has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The business’s fifty day moving average price is GBX 126.65 and its 200 day moving average price is GBX 230.24. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44.

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.