Videndum (LON:VID) Shares Down 29.8% – Should You Sell?

Shares of Videndum Plc (LON:VID) were down 29.8% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). Approximately 6,950,746 shares were traded during trading, an increase of 1,478% from the average daily volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.78).

Analysts Set New Price Targets

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

Videndum Stock Down 22.3 %

The business’s fifty day simple moving average is GBX 126.65 and its 200 day simple moving average is GBX 230.24. 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 company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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.