Videndum (LON:VID) Stock Price Up 1.7% – Should You Buy?

Videndum Plc (LON:VID)’s stock price shot up 1.7% during mid-day trading on Monday . The stock traded as high as GBX 36.80 and last traded at GBX 35.60. 6,022 shares traded hands during trading, a decline of 98% from the average session volume of 271,378 shares. The stock had previously closed at GBX 35.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated an “under review” rating on shares of Videndum in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 425.

Videndum Stock Up 1.7%

The business has a fifty day moving average of GBX 41.40 and a 200 day moving average of GBX 63.26. 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 has a market cap of £36.89 million, a P/E ratio of -0.22 and a beta of 1.00.

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.