Videndum (LON:VID) Sets New 1-Year Low – Time to Sell?

Shares of Videndum Plc (LON:VID) reached a new 52-week low on Thursday . The stock traded as low as GBX 126.20 ($1.54) and last traded at GBX 128.40 ($1.56), with a volume of 60592 shares trading hands. The stock had previously closed at GBX 135 ($1.64).

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Shore Capital restated 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 ($5.17) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Trading Up 1.0 %

The business’s 50 day moving average price is GBX 206.24 and its two-hundred day moving average price is GBX 265.50. 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 company has a market capitalization of £122.16 million, a price-to-earnings ratio of -301.63 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.