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

Videndum Plc (LON:VID) shares were down 22.3% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,622,735 shares traded hands during trading, an increase of 1,434% from the average daily volume of 431,712 shares. The stock had previously closed at GBX 62 ($0.79).

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VID shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.39) price target on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Stock Performance

The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The firm has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The stock’s 50 day moving average is GBX 130.88 and its two-hundred day moving average is GBX 232.17.

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.