Videndum (LON:VID) Trading Down 22.3% – Time to Sell?

Videndum Plc (LON:VID) 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 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 Ratings Changes

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

Videndum Stock Down 22.3 %

The stock’s fifty day moving average price is GBX 130.88 and its 200-day moving average price 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 company has a market capitalization of £45.20 million, a price-to-earnings 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.