Videndum (LON:VID) Hits New 52-Week Low – What’s Next?

Shares of Videndum Plc (LON:VID) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 58 ($0.73) and last traded at GBX 62 ($0.78), with a volume of 166953 shares. The stock had previously closed at GBX 63 ($0.79).

Analysts Set New Price Targets

VID has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.35) target price on shares of Videndum in a research report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Stock Performance

The firm has a 50 day moving average of GBX 135.02 and a 200-day moving average of GBX 234.01. The company has a market cap of £58.14 million, a P/E ratio of -1.64 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.

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.