Videndum (LON:VID) Shares Down 22.3% – What’s Next?

Videndum Plc (LON:VID)’s share price dropped 22.3% on Friday . 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 traded hands during 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).

Analyst Upgrades and Downgrades

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

Videndum Price Performance

The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The business has a 50-day simple moving average of GBX 130.88 and a 200 day simple moving average of GBX 232.17. The firm has a market cap of £45.20 million, a P/E ratio of -1.28 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.