Victoria (LON:VCP) Stock Passes Below 200 Day Moving Average – Should You Sell?

Victoria PLC (LON:VCP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 65.39 and traded as low as GBX 36.80. Victoria shares last traded at GBX 36.80, with a volume of 215,371 shares traded.

Wall Street Analysts Forecast Growth

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

Victoria Stock Performance

The stock has a market capitalization of £42.06 million, a price-to-earnings ratio of -0.16 and a beta of 0.98. The company has a 50 day simple moving average of GBX 52.42 and a 200-day simple moving average of GBX 65.39. The company has a quick ratio of 0.79, a current ratio of 1.43 and a debt-to-equity ratio of -4,210.81.

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.