Videndum (LON:VID) Sets New 1-Year Low – What’s Next?

Videndum Plc (LON:VID) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 179.40 ($2.24) and last traded at GBX 179.40 ($2.24), with a volume of 700797 shares trading hands. The stock had previously closed at GBX 205 ($2.56).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VID shares. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.31) price objective on shares of Videndum in a research note on Monday.

Videndum Trading Down 5.7 %

The firm has a market cap of £152.59 million, a P/E ratio of -376.74 and a beta of 1.00. The business’s 50-day moving average is GBX 257.36 and its two-hundred day moving average is GBX 289.79. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

Insider Buying and Selling at Videndum

In other news, insider Stephen C. Harris acquired 21,033 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of GBX 238 ($2.97) per share, with a total value of £50,058.54 ($62,565.35). 5.55% of the stock is currently owned by insiders.

Videndum Company Profile

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three segments: Media Solutions, Production Solutions, and Creative Solutions.