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

Videndum Plc (LON:VID)’s stock price 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 were traded 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 Upgrades and Downgrades

Several brokerages recently issued reports on VID. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed 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 Price Performance

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

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.