Videndum (LON:VID) Sets New 52-Week Low – Time to Sell?

Videndum Plc (LON:VID)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 179.40 ($2.24) and last traded at GBX 179.40 ($2.24), with a volume of 700797 shares changing hands. The stock had previously closed at GBX 205 ($2.56).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.31) price target on shares of Videndum in a research report on Monday. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Stock Performance

The firm has a market capitalization of £152.59 million, a price-to-earnings ratio of -376.74 and a beta of 1.00. 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 stock’s fifty day moving average is GBX 257.36 and its two-hundred day moving average is GBX 289.79.

Insider Transactions at Videndum

In related news, insider Stephen C. Harris purchased 21,033 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of GBX 238 ($2.97) per share, with a total value of £50,058.54 ($62,565.35). Corporate insiders own 5.55% of the company’s stock.

Videndum Company Profile

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three segments: Media Solutions, Production Solutions, and Creative Solutions.