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

Videndum Plc (LON:VID) traded down 22.3% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares changed hands during 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 Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Stock Performance

The stock has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a fifty day moving average price of GBX 126.65 and a 200 day moving average price of GBX 230.24. The company has a quick ratio of 0.68, a current ratio of 1.91 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.