Victoria (LON:VCP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Victoria PLC (LON:VCP) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 123.94 ($1.55) and traded as low as GBX 62 ($0.78). Victoria shares last traded at GBX 65.80 ($0.82), with a volume of 1,219,399 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their target price on Victoria from GBX 300 ($3.76) to GBX 170 ($2.13) and set a “buy” rating for the company in a research note on Tuesday, October 15th.

Victoria Trading Up 4.6 %

The firm has a market capitalization of £74.77 million, a price-to-earnings ratio of -70.00 and a beta of 0.98. The business’s fifty day moving average is GBX 69.79 and its 200 day moving average is GBX 123.94. 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.

Insiders Place Their Bets

In other news, insider Philippe Hamers bought 200,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of GBX 40 ($0.50) per share, for a total transaction of £80,000 ($100,250.63). Corporate insiders own 35.37% of the company’s stock.

Victoria Company Profile

Victoria PLC, together with its subsidiaries, designs, manufactures, and distributes flooring products primarily in the United Kingdom, Spain, Italy, the Netherlands, Germany, Belgium, Turkey, the United States, and Australia. The company operates through four segments: UK & Europe Soft Flooring, UK & Europe Ceramic Tiles, Australia, and North America.