Videndum (LON:VID) Shares Down 20.5% - What's Next?

Videndum Plc (LON:VID - Get Free Report)'s share price traded down 20.5% during mid-day trading on Monday . The stock traded as low as GBX 70 ($0.89) and last traded at GBX 70 ($0.89). 150,896 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 173,718 shares. The stock had previously closed at GBX 88 ($1.12).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Shore Capital restated a "hold" rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group restated a "buy" rating and issued a GBX 425 ($5.39) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Down 1.6 %

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The firm has a market cap of £58.14 million, a PE ratio of -1.64 and a beta of 1.00. The business's 50-day simple moving average is GBX 130.88 and its 200 day simple moving average is GBX 232.17.

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.