Videndum (LON:VID) Shares Down 18% – Here’s Why

Videndum Plc (LON:VID)’s share price traded down 18% on Monday . The company traded as low as GBX 208.50 ($2.65) and last traded at GBX 213.20 ($2.71). 215,215 shares traded hands during trading, an increase of 81% from the average session volume of 119,151 shares. The stock had previously closed at GBX 260 ($3.31).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.40) price target on shares of Videndum in a research note on Monday.

Videndum Stock Performance

The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68. The company’s 50-day moving average price is GBX 259 and its two-hundred day moving average price is GBX 290.67. The company has a market capitalization of £174.40 million, a price-to-earnings ratio of -432.56 and a beta of 1.00.

Insider Transactions at Videndum

In related news, insider Stephen C. Harris purchased 21,033 shares of Videndum stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of GBX 238 ($3.03) per share, for a total transaction of £50,058.54 ($63,639.13). 5.55% of the stock is currently owned by corporate insiders.

About Videndum

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three segments: Media Solutions, Production Solutions, and Creative Solutions.