Videndum (LON:VID) Trading Down 6% – Here’s Why

Videndum Plc (LON:VID)’s stock price was down 6% during trading on Friday . The company traded as low as GBX 11.20 and last traded at GBX 12.23. Approximately 82,292 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 250,321 shares. The stock had previously closed at GBX 13.

Videndum Trading Down 10.8%

The stock has a market capitalization of £12.02 million, a P/E ratio of -0.07 and a beta of 1.00. The company has a 50-day moving average price of GBX 12.99 and a 200 day moving average price of GBX 32.89. The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44.

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. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags, backgrounds and motion control, audio capture and noise reduction equipment.