Videndum (LON:VID) Stock Price Down 22.3% – Here’s What Happened

Videndum Plc (LON:VID)’s stock price dropped 22.3% during trading 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 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).

Wall Street Analyst Weigh In

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

Videndum Trading Down 22.3 %

The stock has a market cap of £45.20 million, a PE ratio of -1.28 and a beta of 1.00. The stock has a 50-day moving average price of GBX 130.88 and a two-hundred day moving average price of 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.

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.