Videndum (LON:VID) Stock Price Down 22.3% – Here’s What Happened

Videndum Plc (LON:VID) traded down 22.3% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares traded hands during mid-day trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Down 22.3 %

The stock’s fifty day moving average is GBX 126.65 and its two-hundred day moving average is GBX 230.24. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The firm has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00.

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.