Videndum (LON:VID) Shares Down 18% – Time to Sell?

Videndum Plc (LON:VID) shares traded down 18% during mid-day trading on Monday . The company traded as low as GBX 208.50 ($2.63) and last traded at GBX 213.20 ($2.69). 215,215 shares traded hands during trading, an increase of 81% from the average session volume of 119,151 shares. The stock had previously closed at GBX 260 ($3.28).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “hold” rating on shares of Videndum in a research report on Friday.

Videndum Stock Performance

The company has a current ratio of 1.91, a quick ratio of 0.68 and a debt-to-equity ratio of 77.44. The company has a market capitalization of £202.98 million, a PE ratio of -595.35 and a beta of 1.00. The firm’s 50-day simple moving average is GBX 260.49 and its 200-day simple moving average is GBX 291.62.

Insider Activity

In other news, insider Stephen C. Harris purchased 21,033 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of GBX 238 ($3.01) per share, for a total transaction of £50,058.54 ($63,205.23). Insiders own 5.55% of the company’s stock.

About Videndum

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.