Victoria (LON:VCP) Trading Down 12.6% – Time to Sell?

Shares of Victoria PLC (LON:VCP) were down 12.6% during trading on Tuesday . The company traded as low as GBX 121.20 ($1.48) and last traded at GBX 125 ($1.53). Approximately 3,529,439 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 4,401,769 shares. The stock had previously closed at GBX 143 ($1.75).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on shares of Victoria from GBX 300 ($3.67) to GBX 170 ($2.08) and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Victoria Stock Down 1.2 %

The firm’s 50-day simple moving average is GBX 67.68 and its 200 day simple moving average is GBX 115.34. The company has a debt-to-equity ratio of 1,494.32, a quick ratio of 0.79 and a current ratio of 1.43. The company has a market cap of £132.49 million, a P/E ratio of -124.04 and a beta of 0.98.

Insider Buying and Selling

In other Victoria news, insider Philippe Hamers acquired 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of GBX 40 ($0.49) per share, with a total value of £80,000 ($97,883.27). Also, insider Gavin Petken bought 28,147 shares of Victoria stock in a transaction on Tuesday, December 31st. The shares were acquired at an average price of GBX 71 ($0.87) per share, for a total transaction of £19,984.37 ($24,451.69). 35.37% of the stock is owned by insiders.

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.