Videndum (LON:VID) Stock Price Down 22.8% – Here’s What Happened

Videndum Plc (LON:VID) traded down 22.8% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 47.85 ($0.61). 6,538,865 shares traded hands during mid-day trading, an increase of 1,423% from the average session volume of 429,446 shares. The stock had previously closed at GBX 62 ($0.79).

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.39) target price on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Stock Down 22.3 %

The company’s fifty day moving average price is GBX 130.88 and its 200-day moving average price is GBX 232.17. The stock has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44.

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.