Videndum (LON:VID) Shares Down 22.3% – Here’s Why

Videndum Plc (LON:VID) shares dropped 22.3% during trading on Saturday . The company 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 mid-day 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 Ratings Changes

A number of research firms have recently weighed in on VID. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.38) price objective 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 note on Friday, December 13th.

Videndum Trading Down 22.3 %

The stock has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The stock’s 50-day moving average is GBX 126.65 and its two-hundred day moving average is GBX 229.59. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

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.