Victoria (LON:VCP) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Victoria PLC (LON:VCP)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 72.49 ($0.99) and traded as high as GBX 73.30 ($1.00). Victoria shares last traded at GBX 70.60 ($0.96), with a volume of 375,804 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 170 ($2.31) target price on shares of Victoria in a research report on Tuesday, May 6th.

Victoria Stock Down 3.0%

The company has a debt-to-equity ratio of -4,210.81, a current ratio of 1.43 and a quick ratio of 0.79. The company has a market capitalization of £77.84 million, a P/E ratio of -0.73 and a beta of 0.98. The stock has a 50-day moving average price of GBX 72.49 and a 200-day moving average price of GBX 87.65.

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.