Videndum (LON:VID) Trading Down 22.3% – Time to Sell?

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th.

Videndum Price Performance

The firm has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The business’s fifty day moving average is GBX 126.65 and its 200-day moving average 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.