Videndum (LON:VID) Stock Price Down 26.6% – Here’s What Happened

Videndum Plc (LON:VID)’s stock price was down 26.6% on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 45.50 ($0.58). Approximately 5,172,123 shares changed hands during trading, an increase of 1,218% from the average daily volume of 392,507 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VID shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.39) price objective on shares of Videndum in a report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Down 27.5 %

The stock has a fifty day moving average of GBX 130.88 and a 200 day moving average of GBX 232.17. The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The company has a market capitalization of £42.15 million, a PE ratio of -1.19 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.