Videndum (LON:VID) Stock Price Up 10.8% – Here’s What Happened

Shares of Videndum Plc (LON:VID) shot up 10.8% during mid-day trading on Wednesday . The company traded as high as GBX 11.95 and last traded at GBX 11.74. 65,033 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 251,137 shares. The stock had previously closed at GBX 10.60.

Videndum Trading Up 16.0%

The company has a current ratio of 1.61, a quick ratio of 0.68 and a debt-to-equity ratio of 325.00. The firm has a 50-day moving average price of GBX 12.54 and a 200-day moving average price of GBX 32.18. The company has a market capitalization of £12.74 million, a price-to-earnings ratio of -0.08 and a beta of 1.00.

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.