Videndum (LON:VID) Trading Down 20.5% – Here’s What Happened

Videndum Plc (LON:VID)’s share price traded down 20.5% on Monday . The company traded as low as GBX 70 ($0.88) and last traded at GBX 70 ($0.88). 150,896 shares were traded during mid-day trading, a decline of 13% from the average session volume of 173,718 shares. The stock had previously closed at GBX 88 ($1.11).

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.36) price target on shares of Videndum in a report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Up 1.5 %

The firm has a market cap of £59.41 million, a price-to-earnings ratio of -1.68 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The firm’s fifty day moving average is GBX 142.46 and its 200-day moving average is GBX 237.61.

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.