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

Shares of Videndum Plc (LON:VID) dropped 22.3% 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 were traded during mid-day 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).

Analyst Upgrades and Downgrades

VID has been the topic of several analyst reports. Shore Capital reiterated a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.37) price objective on shares of Videndum in a research note on Monday, December 16th.

Videndum Stock Performance

The firm has a market capitalization of £45.20 million, a P/E ratio of -1.28 and a beta of 1.00. The stock has a 50-day moving average of GBX 130.88 and a 200 day moving average of GBX 232.17. 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.