Videndum (LON:VID) Trading Down 36.7% – Here’s What Happened

Videndum Plc (LON:VID)’s share price dropped 36.7% during mid-day trading on Friday . The stock traded as low as GBX 28.30 ($0.36) and last traded at GBX 39.26 ($0.50). Approximately 4,063,379 shares were traded during trading, an increase of 1,035% from the average daily volume of 357,888 shares. The stock had previously closed at GBX 62 ($0.79).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.39) price objective on shares of Videndum in a research report on Monday, December 16th. Shore Capital reiterated a “hold” rating on shares of Videndum in a report on Friday, December 13th.

Videndum Stock Performance

The company’s fifty day moving average price is GBX 130.88 and its two-hundred day moving average price is GBX 232.17. 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 quick ratio of 0.68 and a current ratio of 1.91.

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.