Videndum (LON:VID) Shares Down 29.8% – Time to Sell?

Videndum Plc (LON:VID)’s share price was down 29.8% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.50 ($0.55). Approximately 6,950,746 shares were traded during trading, an increase of 1,478% from the average daily volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

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

Videndum Trading 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 stock has a market capitalization of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The business’s 50-day moving average is GBX 130.88 and its two-hundred day moving average is 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.