Videndum (LON:VID) Trading Down 22.3% – Time to Sell?

Shares of Videndum Plc (LON:VID) dropped 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 trading, an increase of 1,434% from the average daily volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analysts Set New Price Targets

VID has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a research note on Monday, December 16th.

Videndum Price Performance

The company has a 50 day moving average price of GBX 130.88 and a 200 day moving average price of GBX 232.17. The company has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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.