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

Videndum Plc (LON:VID) shares dropped 22.3% 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 traded hands during mid-day 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 Ratings Changes

Several research firms have recently issued reports on VID. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) price objective on shares of Videndum in a research report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Performance

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

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.