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

Videndum Plc (LON:VID) shares traded down 22.3% on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares traded hands during mid-day 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).

Analyst Upgrades and Downgrades

VID has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a research report on Monday, December 16th. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Down 22.3 %

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The company has a 50-day moving average price of GBX 130.88 and a 200-day moving average price of GBX 232.17. The company has a market capitalization of £45.20 million, a price-to-earnings 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.