Videndum (LON:VID) Trading Down 22.3% – Should You Sell?

Videndum Plc (LON:VID)’s stock price traded down 22.3% during mid-day trading on Saturday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares were traded during trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Price Performance

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