Videndum (LON:VID) Shares Down 27.5% – What’s Next?

Videndum Plc (LON:VID) dropped 27.5% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 44.95 ($0.57). Approximately 5,641,809 shares traded hands during mid-day trading, an increase of 1,292% from the average daily volume of 405,201 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

VID has been the topic of several recent analyst reports. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.39) price target on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Performance

The company has a market cap of £42.15 million, a P/E ratio of -1.19 and a beta of 1.00. The firm has a 50 day moving average of GBX 130.88 and a 200-day moving average of GBX 232.17. 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.