Videndum (LON:VID) Sets New 52-Week Low – Here’s Why

Shares of Videndum Plc (LON:VID) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 153 ($1.92) and last traded at GBX 155 ($1.94), with a volume of 83224 shares. The stock had previously closed at GBX 153 ($1.92).

Wall Street Analysts Forecast Growth

VID has been the topic of a number of recent analyst reports. Shore Capital restated a “hold” rating on shares of Videndum in a research note on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 425 ($5.33) price target on shares of Videndum in a research report on Monday, December 16th.

Videndum Price Performance

The company has a fifty day simple moving average of GBX 252.09 and a 200-day simple moving average of GBX 286.93. The company has a market cap of £145.99 million, a P/E ratio of -360.47 and a beta of 1.00. The company has a debt-to-equity ratio of 77.44, a current ratio of 1.91 and a quick ratio of 0.68.

Insider Buying and Selling

In other news, insider Stephen C. Harris bought 21,033 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of GBX 238 ($2.98) per share, for a total transaction of £50,058.54 ($62,753.59). Insiders own 5.55% of the company’s stock.

Videndum Company Profile

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three segments: Media Solutions, Production Solutions, and Creative Solutions.