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

Videndum Plc (LON:VID) shares traded down 22.3% on Saturday . The company 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 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).

Analysts Set New Price Targets

Several brokerages recently weighed in on VID. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.38) price objective on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Performance

The stock has a market cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The firm’s 50-day moving average price is GBX 126.65 and its 200-day moving average price 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.