Victoria (LON:VCP) Stock Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Victoria PLC's stock price has fallen below its 200-day moving average of GBX 86.53 ($1.16), with the shares last traded at GBX 87.88 ($1.18).
• Berenberg Bank has maintained a "buy" rating for Victoria and set a price target of GBX 170 ($2.29).
• The company's recent quarterly earnings reported a loss of GBX (10.62) (($0.14)) per share and a negative net margin of 8.48%.

Victoria PLC (LON:VCP - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 86.53 ($1.16) and traded as low as GBX 86 ($1.16). Victoria shares last traded at GBX 87.88 ($1.18), with a volume of 730,453 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 170 ($2.29) price objective on shares of Victoria in a report on Thursday, July 24th.

Victoria Price Performance

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. The stock has a market cap of £100.60 million, a P/E ratio of -0.94 and a beta of 0.98. The business's 50-day simple moving average is GBX 74.73 and its two-hundred day simple moving average is GBX 85.92.

Victoria (LON:VCP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported GBX (10.62) (($0.14)) EPS for the quarter. Victoria had a negative net margin of 8.48% and a negative return on equity of 356.44%. Sell-side analysts expect 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.