Videndum (LON:VID) Shares Down 22.3% – Here’s What Happened

Videndum Plc (LON:VID) traded down 22.3% on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares changed hands during mid-day trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

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

Videndum Trading Down 22.3 %

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 firm has a 50-day moving average of GBX 130.88 and a 200 day moving average of GBX 232.17. The stock has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

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.