Videndum (LON:VID) Trading Down 22.3% – Should You Sell?

Videndum Plc (LON:VID)’s share price was down 22.3% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,623,770 shares changed hands during mid-day trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VID shares. Shore Capital reissued a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.39) price objective on shares of Videndum in a research report on Monday, December 16th.

Videndum Price Performance

The stock has a 50 day simple moving average of GBX 130.88 and a two-hundred day simple moving average of GBX 232.17. The firm 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.

Videndum Company Profile

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.