Victoria (LON:VCP) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Victoria PLC's stock has fallen below its 200-day moving average at GBX 88.08, closing at GBX 83.90 with significant trading volume of 422,039 shares.
• Berenberg Bank has maintained a "buy" rating for Victoria, setting a price target of GBX 170, indicating potential upside from current levels.
• The company reported a negative EPS of GBX (10.62) and a net margin of -8.48% in its last earnings announcement, highlighting ongoing financial challenges.

Victoria PLC (LON:VCP - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 88.08 ($1.17) and traded as low as GBX 81.38 ($1.08). Victoria shares last traded at GBX 83.90 ($1.12), with a volume of 422,039 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 170 ($2.26) target price on shares of Victoria in a research report on Thursday, July 24th.

Victoria Price Performance

The company has a 50 day moving average of GBX 72.03 and a 200-day moving average of GBX 86.86. The stock has a market capitalization of £116.54 million, a P/E ratio of -1.09 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 -4,210.81.

Victoria (LON:VCP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported GBX (10.62) (($0.14)) earnings per share for the quarter. Victoria had a negative return on equity of 356.44% and a negative net margin of 8.48%. Sell-side analysts predict that Victoria PLC will post 15.8739255 EPS for the current year.

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.