Videndum (LON:VID) Stock Price Down 22.3% – Should You Sell?

Videndum Plc (LON:VID)’s stock price dropped 22.3% during trading on Saturday . 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).

Wall Street Analyst Weigh In

VID has been the subject of several research analyst reports. 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 set a GBX 425 ($5.37) target price on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Down 22.3 %

The business has a 50 day moving average of GBX 126.65 and a 200 day moving average of GBX 230.24. 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 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.