Videndum (LON:VID) Shares Down 1.3% – Here’s What Happened

Videndum Plc (LON:VID) shares were down 1.3% on Monday . The stock traded as low as GBX 85.10 ($1.11) and last traded at GBX 86 ($1.12). Approximately 17,772 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 588,750 shares. The stock had previously closed at GBX 87.10 ($1.13).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VID shares. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 425 ($5.52) price target on shares of Videndum in a research note on Monday, December 16th.

Videndum Trading Down 1.3 %

The company has a quick ratio of 0.68, a current ratio of 1.91 and a debt-to-equity ratio of 77.44. The firm’s 50-day moving average price is GBX 98.16 and its 200 day moving average price is GBX 200.83. The company has a market capitalization of £80.64 million, a P/E ratio of -2.28 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.