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

Videndum Plc (LON:VID) shares traded down 22.3% on Saturday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 48.20 ($0.61). 6,623,770 shares traded hands 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).

Analysts Set New Price Targets

VID has been the topic of several analyst reports. Shore Capital reissued a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.37) target price on shares of Videndum in a research report on Monday, December 16th.

Videndum Stock 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 capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The stock has a fifty day moving average price of GBX 130.88 and a 200-day moving average price 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.