Videndum (LON:VID) Shares Down 15.6% – Should You Sell?

Videndum Plc (LON:VID) fell 15.6% on Tuesday . The stock traded as low as GBX 103 ($1.28) and last traded at GBX 103 ($1.28). 355,237 shares traded hands during mid-day trading, an increase of 118% from the average session volume of 163,031 shares. The stock had previously closed at GBX 122 ($1.52).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VID. Jefferies Financial Group reissued a “buy” rating and set a GBX 425 ($5.29) 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 Stock Up 0.8 %

The company has a market cap of £96.83 million, a PE ratio of -239.07 and a beta of 1.00. The stock has a 50-day moving average of GBX 186.32 and a 200-day moving average of GBX 257.58. The company has a quick ratio of 0.68, a current ratio of 1.91 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.