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

Shares of Videndum Plc (LON:VID) fell 22.3% during mid-day 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 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).

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Down 22.3 %

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

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.