Videndum (LON:VID) Trading Down 20.5% – Here’s What Happened

Videndum Plc (LON:VID) shares fell 20.5% on Monday . The stock traded as low as GBX 70 ($0.88) and last traded at GBX 70 ($0.88). 150,896 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 173,718 shares. The stock had previously closed at GBX 88 ($1.11).

Analysts Set New Price Targets

Several research firms have weighed in on VID. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.36) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Trading Up 1.5 %

The firm has a market capitalization of £59.41 million, a PE ratio of -1.68 and a beta of 1.00. The firm’s fifty day moving average is GBX 142.46 and its two-hundred day moving average is GBX 237.61. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

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.