Videndum (LON:VID) Stock Price Down 30.3% – Time to Sell?

Videndum Plc (LON:VID) shares were down 30.3% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). Approximately 6,276,511 shares changed hands during trading, an increase of 1,386% from the average daily volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.39) target price on shares of Videndum in a research report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Price Performance

The company has a market capitalization of £40.55 million, a PE ratio of -1.15 and a beta of 1.00. The firm has a fifty day simple moving average of GBX 130.88 and a 200 day simple 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.