Videndum (LON:VID) Stock Price Down 29.8% – What’s Next?

Videndum Plc (LON:VID)’s stock price traded down 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). 6,950,746 shares changed hands during trading, an increase of 1,478% from the average session volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th.

Videndum Price Performance

The stock has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. 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 company’s 50-day simple moving average is GBX 126.65 and its 200-day simple moving average is GBX 230.24.

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.