Videndum (LON:VID) Trading Down 22.3% – Here’s What Happened

Shares of Videndum Plc (LON:VID) were down 22.3% during mid-day trading on Friday . 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 traded 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).

Wall Street Analyst Weigh In

A number of research firms have commented on VID. Shore Capital restated a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.37) price target on shares of Videndum in a research report on Monday, December 16th.

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 cap of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The stock’s fifty day moving average price is GBX 126.65 and its two-hundred day moving average price is GBX 230.24.

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.