Victoria (LON:VCP) Shares Cross Below 200-Day Moving Average – What’s Next?

Victoria PLC (LON:VCP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.87 and traded as low as GBX 28.13. Victoria shares last traded at GBX 28.50, with a volume of 1,230,877 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 price objective on shares of Victoria in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 170.

Victoria Price Performance

The company’s fifty day simple moving average is GBX 35.70 and its 200-day simple moving average is GBX 55.54. The stock has a market cap of £32.47 million, a P/E ratio of 0.01 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of -4,210.81.

Victoria (LON:VCP) last released its earnings results on Wednesday, December 17th. The company reported GBX (11.95) earnings per share (EPS) for the quarter. Victoria had a negative net margin of 8.48% and a negative return on equity of 356.44%. As a group, sell-side analysts forecast that Victoria PLC will post 15.8739255 EPS for the current year.

Insider Transactions at Victoria

In related news, insider Stephen James Callaghan acquired 260,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were bought at an average cost of GBX 38 per share, with a total value of £98,800. Also, insider Philippe Hamers acquired 55,125 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of GBX 40 per share, for a total transaction of £22,050. Over the last three months, insiders have bought 588,140 shares of company stock worth $19,912,941. Insiders own 40.66% of the company’s stock.

About Victoria

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Company, which is headquartered in Worcester, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories.

Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia and employs approximately 6,750 people across 30 sites.