Victoria (LON:VCP) Stock Price Down 12.6% – What’s Next?

Victoria PLC (LON:VCP)’s share price dropped 12.6% on Tuesday . The stock traded as low as GBX 121.20 ($1.48) and last traded at GBX 125 ($1.53). Approximately 3,529,439 shares were traded 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 lowered their price objective on shares of Victoria from GBX 300 ($3.67) to GBX 170 ($2.08) and set a “buy” rating for the company in a research report on Tuesday, October 15th.

Victoria Stock Down 1.2 %

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

Insider Transactions at Victoria

In other Victoria news, insider Philippe Hamers acquired 200,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was bought at an average cost 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 dated Tuesday, December 31st. The shares were acquired at an average price of GBX 71 ($0.87) per share, with a total value of £19,984.37 ($24,451.69). Company insiders own 35.37% 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.