Victoria (LON:VCP) Stock Price Down 12.3% – Should You Sell?

Victoria PLC (LON:VCP) shares dropped 12.3% during mid-day trading on Tuesday . The stock traded as low as GBX 29.88 and last traded at GBX 30. Approximately 724,030 shares were traded during trading, an increase of 42% from the average daily volume of 509,553 shares. The stock had previously closed at GBX 34.20.

Analyst Upgrades and Downgrades

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

Victoria Stock Down 12.3%

The company’s 50-day moving average is GBX 38.48 and its 200 day moving average is GBX 58.52. 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. The stock has a market capitalization of £34.60 million, a PE ratio of 0.01 and a beta of 0.98.

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

Insider Buying and Selling at Victoria

In other news, insider Philippe Hamers bought 55,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average price of GBX 40 per share, with a total value of £22,050. Also, insider Stephen James Callaghan bought 260,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were purchased at an average price of GBX 38 per share, with a total value of £98,800. Insiders purchased a total of 400,644 shares of company stock worth $14,850,549 in the last quarter. Company insiders own 40.66% of the company’s stock.

Victoria Company Profile

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.