Videndum (LON:VID) Shares Down 36.7% – Time to Sell?

Shares of Videndum Plc (LON:VID) traded down 36.7% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 39.26 ($0.50). 4,063,379 shares traded hands during trading, an increase of 1,035% from the average session volume of 357,888 shares. The stock had previously closed at GBX 62 ($0.79).

Analyst Upgrades and Downgrades

VID has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.39) price objective on shares of Videndum in a report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Trading Down 36.7 %

The firm has a market capitalization of £36.81 million, a PE ratio of -1.04 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 company has a fifty day moving average of GBX 130.88 and a 200-day moving average of GBX 232.17.

Videndum Company Profile

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.