Videndum (LON:VID) Stock Price Down 22.3% – Should You Sell?

Shares of Videndum Plc (LON:VID) fell 22.3% during trading 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 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).

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VID. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Performance

The business has a fifty day simple moving average of GBX 130.88 and a 200-day simple moving average of 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 firm has a market cap of £45.20 million, a P/E 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.