Videndum (LON:VID) Shares Down 29.8% – Should You Sell?

Videndum Plc (LON:VID) dropped 29.8% during trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). Approximately 6,950,746 shares were traded during trading, an increase of 1,478% from the average daily volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Ratings Changes

VID has been the topic of several research analyst reports. Shore Capital reissued a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Performance

The stock has a fifty day simple moving average of GBX 126.65 and a two-hundred day simple moving average of GBX 230.24. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The stock has a market cap of £45.20 million, a price-to-earnings 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.