Videndum (LON:VID) Trading Down 22.3% – Here’s Why

Videndum Plc (LON:VID)’s share price was down 22.3% during trading on Saturday . 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 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 Ratings Changes

A number of equities research analysts recently commented on VID shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Price 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 stock has a 50 day moving average price of GBX 130.88 and a 200-day moving average price of GBX 232.17. The stock has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

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.