Videndum (LON:VID) Shares Up 6.2% – Here’s Why

Videndum Plc (LON:VID)’s share price traded up 6.2% on Monday . The stock traded as high as GBX 53.90 ($0.68) and last traded at GBX 51.20 ($0.65). 1,947,030 shares traded hands during mid-day trading, an increase of 313% from the average session volume of 471,633 shares. The stock had previously closed at GBX 48.20 ($0.61).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VID. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.38) price target on shares of Videndum in a report on Monday, December 16th. Shore Capital reissued a “hold” rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Trading Up 14.1 %

The business’s 50-day simple moving average is GBX 126.65 and its two-hundred day simple moving average is GBX 229.59. The firm has a market capitalization of £51.57 million, a price-to-earnings ratio of -1.46 and a beta of 1.00. 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.