Videndum (LON:VID) Stock Price Down 22.3% – Here’s Why

Videndum Plc (LON:VID)’s stock price dropped 22.3% during trading on Saturday . 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 changed hands 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).

Analyst Upgrades and Downgrades

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

Videndum Stock Down 22.3 %

The company has a market capitalization of £45.20 million, a PE 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. The firm has a 50-day moving average of GBX 130.88 and a two-hundred day moving average of GBX 232.17.

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.