Videndum (LON:VID) Shares Down 22.8% – Should You Sell?

Videndum Plc (LON:VID)’s share price dropped 22.8% during mid-day trading on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 47.85 ($0.60). Approximately 6,538,865 shares traded hands during mid-day trading, an increase of 1,423% from the average daily volume of 429,446 shares. The stock had previously closed at GBX 62 ($0.78).

Wall Street Analysts Forecast Growth

VID has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note 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 firm’s 50 day simple moving average is GBX 126.65 and its 200-day simple moving average is GBX 230.24. The company has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

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.