Videndum (LON:VID) Hits New 1-Year Low – Should You Sell?

Videndum Plc (LON:VID)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 92 ($1.15) and last traded at GBX 94 ($1.18), with a volume of 501571 shares. The stock had previously closed at GBX 100 ($1.25).

Analysts Set New Price Targets

Several research analysts have issued reports on VID shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.31) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Price Performance

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The firm’s fifty day moving average price is GBX 171.02 and its two-hundred day moving average price is GBX 251.04. The stock has a market capitalization of £91.46 million, a PE ratio of -225.81 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.