Videndum (LON:VID) Sets New 52-Week Low – Here’s Why

Videndum Plc (LON:VID) reached a new 52-week low on Monday . The company traded as low as GBX 92 ($1.13) and last traded at GBX 94 ($1.15), with a volume of 501571 shares trading hands. The stock had previously closed at GBX 100 ($1.23).

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.22) price target on shares of Videndum in a research report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Trading Down 6.0 %

The firm has a market capitalization of £88.54 million, a price-to-earnings ratio of -218.60 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 50-day simple moving average is GBX 177.21 and its 200 day simple moving average is GBX 253.56.

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.