Videndum (LON:VID) Shares Down 26.6% – Here’s What Happened

Shares of Videndum Plc (LON:VID) were down 26.6% on Friday . The company traded as low as GBX 28.30 ($0.36) and last traded at GBX 45.50 ($0.57). Approximately 5,172,123 shares changed hands during trading, an increase of 1,218% from the average daily volume of 392,507 shares. The stock had previously closed at GBX 62 ($0.78).

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.37) target price on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Price Performance

The company has a 50 day moving average price of GBX 126.65 and a 200 day moving average price of GBX 230.24. The company has a market capitalization of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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.