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

Videndum Plc (LON:VID)’s stock price fell 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares were traded during 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 Analysts Forecast Growth

A number of research firms have weighed in on VID. Shore Capital reissued a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Down 22.3 %

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

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.