Videndum (LON:VID) Stock Price Down 22.3% – Should You Sell?

Videndum Plc (LON:VID)’s stock price dropped 22.3% during trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares changed hands during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.79).

Analysts Set New Price Targets

Several research firms recently issued reports on VID. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.39) target price on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Down 22.3 %

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 debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The stock has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00.

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.