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

Videndum Plc (LON:VID) was down 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 Analysts Forecast Growth

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

Videndum Stock Down 22.3 %

The firm has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a fifty day moving average price of GBX 126.65 and a 200-day moving average price of GBX 229.59. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91.

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.