Videndum (LON:VID) Stock Price Down 26.6% – What’s Next?

Videndum Plc (LON:VID) dropped 26.6% during trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 45.50 ($0.58). Approximately 5,172,123 shares traded hands during trading, an increase of 1,218% from the average daily volume of 392,507 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

VID has been the subject of a number of research reports. Shore Capital reiterated a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.39) price target on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Down 27.5 %

The company has a fifty day moving average of GBX 130.88 and a two-hundred day moving average of GBX 232.17. The company has a market cap of £42.15 million, a PE ratio of -1.19 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.

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.