Videndum (LON:VID) Hits New 1-Year Low – What’s Next?

Videndum Plc (LON:VID)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 126.20 ($1.54) and last traded at GBX 128.40 ($1.57), with a volume of 60592 shares traded. The stock had previously closed at GBX 135 ($1.65).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VID shares. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.20) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Trading Down 4.9 %

The company’s 50 day simple moving average is GBX 212.30 and its 200 day simple moving average is GBX 267.74. 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 firm has a market cap of £120.94 million, a price-to-earnings ratio of -298.60 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.