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

Videndum Plc (LON:VID)’s share price was down 22.3% during trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). Approximately 6,622,735 shares traded hands during mid-day trading, an increase of 1,434% from the average daily volume of 431,712 shares. The stock had previously closed at GBX 62 ($0.78).

Analysts Set New Price Targets

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

Videndum Stock Down 22.3 %

The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The business has a 50 day moving average price of GBX 126.65 and a 200 day moving average price of GBX 230.24. The firm has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00.

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.