Videndum (LON:VID) Shares Down 22.8% – Here’s Why

Videndum Plc (LON:VID) fell 22.8% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 47.85 ($0.61). 6,538,865 shares traded hands during trading, an increase of 1,423% from the average session volume of 429,446 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VID shares. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.39) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Trading Down 22.3 %

The firm has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The company has a 50 day moving average of GBX 130.88 and a 200 day moving average of GBX 232.17. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91.

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.