Videndum (LON:VID) Stock Price Down 22.8% – What’s Next?

Videndum Plc (LON:VID)’s stock price fell 22.8% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 47.85 ($0.61). 6,538,865 shares changed hands during trading, an increase of 1,423% from the average session volume of 429,446 shares. The stock had previously closed at GBX 62 ($0.79).

Analysts Set New Price Targets

Several research firms have 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 restated a “buy” rating and set a GBX 425 ($5.39) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock Down 22.3 %

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The company has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The stock has a 50-day moving average of GBX 130.88 and a 200-day moving average of GBX 232.17.

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.