Victoria (LON:VCP) Shares Down 11.3% – Here’s Why

Victoria PLC (LON:VCP)’s stock price dropped 11.3% during trading on Friday . The company traded as low as GBX 96.80 ($1.26) and last traded at GBX 99.50 ($1.29). Approximately 148,964 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 214,082 shares. The stock had previously closed at GBX 112.20 ($1.46).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on shares of Victoria from GBX 300 ($3.89) to GBX 170 ($2.20) and set a “buy” rating for the company in a report on Tuesday, October 15th.

Victoria Trading Up 0.1 %

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 company has a 50-day moving average price of GBX 129.79 and a 200-day moving average price of GBX 166.43. The company has a market capitalization of £113.18 million, a price-to-earnings ratio of -105.85 and a beta of 0.98.

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.