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

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price objective on 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 Price Performance

The stock has a market capitalization of £142.04 million, a price-to-earnings ratio of -132.98 and a beta of 0.98. 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 50-day moving average of GBX 65.80 and a 200-day moving average of GBX 116.61.

Insiders Place Their Bets

In other news, insider Gavin Petken bought 28,147 shares of the stock in a transaction on Tuesday, December 31st. The stock was purchased at an average cost of GBX 71 ($0.87) per share, with a total value of £19,984.37 ($24,454.69). Also, insider Philippe Hamers bought 200,000 shares of the stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of GBX 40 ($0.49) per share, with a total value of £80,000 ($97,895.25). 35.37% of the stock is owned by corporate 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.