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

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

Analysts Set New Price Targets

VID has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.37) target price 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 Stock Performance

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 firm has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44.

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.