Videndum (LON:VID) Trading Down 30.3% – What’s Next?

Videndum Plc (LON:VID)’s share price dropped 30.3% during trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). Approximately 6,276,511 shares were traded during mid-day trading, an increase of 1,386% from the average daily volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analyst Weigh In

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

Videndum Stock Down 22.3 %

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 business has a 50 day moving average price of GBX 126.65 and a 200 day moving average price of GBX 230.24. The firm has a market capitalization 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.