Videndum (LON:VID) Hits New 52-Week Low – What’s Next?

Videndum Plc (LON:VID)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 125 ($1.54) and last traded at GBX 128 ($1.58), with a volume of 37983 shares. The stock had previously closed at GBX 127 ($1.57).

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VID. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.25) target price on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Up 0.8 %

The company has a market capitalization of £120.56 million, a price-to-earnings ratio of -297.67 and a beta of 1.00. The firm’s fifty day simple moving average is GBX 197.72 and its two-hundred day simple moving average is GBX 262.18. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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.