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

Shares of Videndum Plc (LON:VID) were down 22.3% during trading on Saturday . The stock 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 trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VID. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The stock has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The business has a fifty day moving average price of GBX 130.88 and a 200-day moving average price of 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.