Videndum (LON:VID) Stock Price Down 22.3% – Here’s What Happened

Videndum Plc (LON:VID)’s share price traded down 22.3% during trading on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares were traded during mid-day trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.37) price objective on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Down 22.3 %

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 firm’s 50-day moving average is GBX 130.88 and its 200 day moving average is GBX 232.17. The firm has a market capitalization of £45.20 million, a PE ratio of -1.28 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.