Victoria (LON:VCP) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Victoria PLC (LON:VCP)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 123.94 ($1.56) and traded as low as GBX 62 ($0.78). Victoria shares last traded at GBX 65.80 ($0.83), with a volume of 1,219,399 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price objective on shares of Victoria from GBX 300 ($3.78) to GBX 170 ($2.14) and set a “buy” rating for the company in a research report on Tuesday, October 15th.

Victoria Trading Up 10.9 %

The firm has a 50-day simple moving average of GBX 68.10 and a 200-day simple moving average of GBX 122.81. The stock has a market cap of £82.95 million, a PE ratio of -77.66 and a beta of 0.98. 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.

Insider Activity

In other news, insider Philippe Hamers purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of GBX 40 ($0.50) per share, for a total transaction of £80,000 ($100,666.92). 35.37% of the stock is 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.