Victoria (LON:VCP) Shares Down 12.3% – Here’s What Happened

Victoria PLC (LON:VCP)’s share price fell 12.3% during mid-day trading on Tuesday . The company traded as low as GBX 29.88 and last traded at GBX 30. 724,030 shares were traded during trading, an increase of 42% from the average session volume of 509,553 shares. The stock had previously closed at GBX 34.20.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 price objective on shares of Victoria in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 170.

Victoria Trading Down 12.3%

The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of -4,210.81. The firm has a market cap of £34.60 million, a PE ratio of 0.01 and a beta of 0.98. The business has a fifty day moving average price of GBX 38.48 and a 200 day moving average price of GBX 58.52.

Victoria (LON:VCP) last announced its quarterly earnings results on Wednesday, December 17th. The company reported GBX (11.95) earnings per share (EPS) for the quarter. Victoria had a negative net margin of 8.48% and a negative return on equity of 356.44%. Analysts forecast that Victoria PLC will post 15.8739255 EPS for the current year.

Insider Activity

In other news, insider Stephen James Callaghan bought 260,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was purchased at an average cost of GBX 38 per share, with a total value of £98,800. Also, insider Philippe Hamers purchased 55,125 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average price of GBX 40 per share, for a total transaction of £22,050. Insiders bought a total of 400,644 shares of company stock valued at $14,850,549 over the last three months. Company insiders own 40.66% of the company’s stock.

Victoria Company Profile

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.