Videndum (LON:VID) Trading Down 0.5% - Here's Why

Videndum Plc (LON:VID - Get Free Report)'s share price dropped 0.5% during mid-day trading on Monday . The company traded as low as GBX 71.20 ($0.95) and last traded at GBX 74.60 ($1.00). Approximately 12,829 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 458,344 shares. The stock had previously closed at GBX 75 ($1.00).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "hold" rating on shares of Videndum in a research report on Monday, March 31st.

Videndum Stock Down 1.6 %

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 business has a fifty day simple moving average of GBX 78.91 and a 200 day simple moving average of GBX 155.82. The firm has a market cap of £69.39 million, a price-to-earnings ratio of -1.96 and a beta of 1.00.

Videndum Company Profile

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.