Videndum (LON:VID) Stock Price Down 30.3% – Here’s What Happened

Videndum Plc (LON:VID)’s share price was down 30.3% during trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 43.24 ($0.55). Approximately 6,276,511 shares traded hands during trading, an increase of 1,386% from the average daily volume of 422,355 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

VID has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.39) 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 report on Friday, December 13th.

Videndum Price Performance

The firm’s fifty day simple moving average is GBX 130.88 and its two-hundred day simple moving average is GBX 232.17. 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 firm has a market cap of £40.55 million, a PE ratio of -1.15 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.