Victoria (LON:VCP) Stock Price Down 11.4% – What’s Next?

Shares of Victoria PLC (LON:VCP) were down 11.4% during trading on Monday . The stock traded as low as GBX 63.50 ($0.79) and last traded at GBX 64.70 ($0.81). Approximately 4,099,786 shares traded hands during trading, an increase of 471% from the average daily volume of 717,629 shares. The stock had previously closed at GBX 73 ($0.91).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on Victoria from GBX 300 ($3.75) to GBX 170 ($2.13) and set a “buy” rating for the company in a report on Tuesday, October 15th.

Victoria Trading Up 6.0 %

The company has a debt-to-equity ratio of 1,494.32, a current ratio of 1.43 and a quick ratio of 0.79. The business’s fifty day simple moving average is GBX 66.22 and its 200 day simple moving average is GBX 120.94. The stock has a market cap of £77.95 million, a price-to-earnings ratio of -72.98 and a beta of 0.98.

Insider Activity

In related news, insider Philippe Hamers bought 200,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of GBX 40 ($0.50) per share, with a total value of £80,000 ($100,112.63). 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.