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

by · The Markets Daily

Videndum Plc (LON:VID – Get Free Report)’s share price dropped 22.3% 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 traded hands during 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

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

View Our Latest Stock Analysis on Videndum

Videndum Trading Down 22.3 %

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

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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