Videndum (LON:VID) Shares Down 29.8% – Time to Sell?

Shares of Videndum Plc (LON:VID) were down 29.8% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). Approximately 6,950,746 shares changed hands during trading, an increase of 1,478% from the average daily volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analysts Forecast Growth

Several research firms recently commented on VID. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.39) price target on shares of Videndum in a report on Monday, December 16th.

Videndum Price Performance

The company’s fifty day moving average is GBX 130.88 and its 200 day moving average is GBX 232.17. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The stock has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00.

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.