Videndum (LON:VID) Shares Down 15.6% - Here's Why

Videndum Plc (LON:VID - Get Free Report)'s stock price was down 15.6% during mid-day trading on Tuesday . The stock traded as low as GBX 103 ($1.28) and last traded at GBX 103 ($1.28). Approximately 355,237 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 163,031 shares. The stock had previously closed at GBX 122 ($1.52).

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Jefferies Financial Group restated a "buy" rating and set a GBX 425 ($5.29) price target on shares of Videndum in a research note on Monday, December 16th. Shore Capital reissued a "hold" rating on shares of Videndum in a research note on Friday, December 13th.

Videndum Trading Down 16.4 %

The company has a debt-to-equity ratio of 77.44, a quick ratio of 0.68 and a current ratio of 1.91. The company has a market cap of £96.07 million, a price-to-earnings ratio of -237.21 and a beta of 1.00. The company's fifty day moving average is GBX 189.54 and its two-hundred day moving average is GBX 258.87.

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.