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

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

Analysts Set New Price Targets

VID has been the subject of several research reports. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.38) price target on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Down 22.3 %

The firm has a market cap of £45.20 million, a price-to-earnings ratio of -1.28 and a beta of 1.00. The firm has a 50 day moving average price of GBX 126.65 and a 200-day moving average price of GBX 229.59. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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.