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

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VID shares. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Performance

The business’s 50-day simple moving average is GBX 130.88 and its two-hundred day simple moving average is GBX 232.17. The firm has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44.

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.