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

Shares of Videndum Plc (LON:VID) were down 22.3% during mid-day 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 were traded 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).

Analysts Set New Price Targets

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

Videndum Stock Performance

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 current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The business’s 50 day simple moving average is GBX 126.65 and its two-hundred day simple moving average is GBX 229.59.

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.