Videndum (LON:VID) Stock Price Down 22.3% – What’s Next?

by · The Cerbat Gem

Videndum Plc (LON:VID – Get Free Report) 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 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 ($0.79).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VID shares. Jefferies Financial Group reaffirmed 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 reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

View Our Latest Analysis on Videndum

Videndum Price Performance

The stock has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The stock’s fifty day moving average is GBX 130.88 and its 200-day moving average is GBX 232.17. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

Videndum Company Profile

(Get Free Report)

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.

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