Videndum (LON:VID) Reaches New 52-Week Low – Should You Sell?

Videndum Plc (LON:VID)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 126.20 ($1.54) and last traded at GBX 128.40 ($1.56), with a volume of 60592 shares changing hands. The stock had previously closed at GBX 135 ($1.64).

Wall Street Analyst Weigh In

VID has been the topic of a number of research analyst reports. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.17) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Performance

The firm has a market capitalization of £122.16 million, a PE ratio of -301.63 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The stock has a 50-day moving average price of GBX 206.24 and a 200-day moving average price of GBX 265.50.

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.