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

by · The Cerbat Gem

Videndum Plc (LON:VID – Get Free Report)’s stock price fell 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). 6,623,770 shares changed hands during trading, an increase of 1,434% from the average session volume of 431,740 shares. The stock had previously closed at GBX 62 ($0.78).

Analyst Ratings Changes

Several research firms have recently commented on VID. Shore Capital reiterated a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th.

View Our Latest Report on VID

Videndum Stock Down 22.3 %

The company’s 50 day moving average price is GBX 130.88 and its 200 day moving average price 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 capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00.

About Videndum

(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.

Read More