Videndum (LON:VID) Stock Price Down 22.3% – Time to Sell?

Videndum Plc (LON:VID) fell 22.3% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares changed hands during mid-day trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Ratings Changes

Several research firms have issued reports on VID. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.39) price target on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Performance

The firm’s 50 day simple moving average is GBX 130.88 and its 200-day simple moving average is 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 £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

About Videndum

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.