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

Videndum Plc (LON:VID) shares were down 22.3% during mid-day trading on Saturday . The stock 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 ($0.78).

Analysts Set New Price Targets

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

Videndum Stock Performance

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 capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The stock’s 50 day moving average price is GBX 130.88 and its two-hundred day moving average price is GBX 232.17.

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.