Victoria (LON:VCP) Trading Down 7.8% – Here’s What Happened

Victoria PLC (LON:VCP) traded down 7.8% on Wednesday . The company traded as low as GBX 100 ($1.23) and last traded at GBX 104 ($1.28). 5,697,807 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 4,684,959 shares. The stock had previously closed at GBX 112.80 ($1.39).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of Victoria from GBX 300 ($3.69) to GBX 170 ($2.09) and set a “buy” rating for the company in a research report on Tuesday, October 15th.

Victoria Stock Performance

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 stock has a fifty day moving average price of GBX 64.11 and a 200-day moving average price of GBX 116.95. The firm has a market cap of £141.34 million, a price-to-earnings ratio of -132.33 and a beta of 0.98.

Insider Buying and Selling at Victoria

In other Victoria news, insider Philippe Hamers bought 200,000 shares of Victoria stock in a transaction on Monday, December 9th. The stock was bought at an average price of GBX 40 ($0.49) per share, with a total value of £80,000 ($98,437.31). Also, insider Gavin Petken purchased 28,147 shares of the stock in a transaction dated Tuesday, December 31st. The shares were bought at an average cost of GBX 71 ($0.87) per share, for a total transaction of £19,984.37 ($24,590.09). 35.37% of the stock is currently 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.