Videndum (LON:VID) Shares Down 22.3% – Time to 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 traded 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 research firms have recently commented on VID. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Performance

The company has a market cap of £45.20 million, a PE 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. The firm’s 50 day moving average is GBX 126.65 and its 200-day moving average is GBX 230.24.

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.