Videndum (LON:VID) Reaches New 52-Week Low – Here’s What Happened

Videndum Plc (LON:VID) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 125 ($1.56) and last traded at GBX 128 ($1.60), with a volume of 37983 shares changing hands. The stock had previously closed at GBX 127 ($1.59).

Wall Street Analyst Weigh In

Several equities research analysts have commented on VID shares. Shore Capital reaffirmed a “hold” rating on shares of Videndum in a report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 425 ($5.31) target price on shares of Videndum in a report on Monday, December 16th.

Videndum Stock Up 0.8 %

The business’s fifty day simple moving average is GBX 192.47 and its two-hundred day simple moving average is GBX 259.85. The company has a market cap of £120.56 million, a PE ratio of -297.67 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.

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.