Videndum (LON:VID) Stock Price Down 29.8% – Here’s What Happened

Shares of Videndum Plc (LON:VID) traded 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). 6,950,746 shares changed hands during mid-day trading, an increase of 1,478% from the average session volume of 440,577 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analyst Weigh In

VID has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.39) price target on shares of Videndum in a research note on Monday, December 16th. Shore Capital restated a “hold” rating on shares of Videndum in a research report on Friday, December 13th.

Videndum Stock Performance

The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The company has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The business’s fifty day simple moving average is GBX 130.88 and its 200-day simple 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.