Victoria (LON:VCP) Shares Cross Below 200 Day Moving Average - Time to Sell?

Key Points

• Victoria PLC's stock price has fallen below its 200-day moving average for the first time, trading at GBX 67.70 compared to the average of GBX 80.67.
• Berenberg Bank has maintained a "buy" rating on Victoria shares with a price target of GBX 170, despite the recent decline.
• The company reported negative earnings per share and a dismal return on equity of -356.44% for the last quarter, raising concerns over its financial health.

Victoria PLC (LON:VCP - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.67 ($1.09) and traded as low as GBX 67.14 ($0.91). Victoria shares last traded at GBX 67.70 ($0.91), with a volume of 151,944 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 170 price objective on shares of Victoria in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 170.

Victoria Price Performance

The company's 50-day moving average is GBX 77.37 and its two-hundred day moving average is GBX 79.41. The firm has a market cap of £77.72 million, a P/E ratio of -29.31 and a beta of 0.98. The company has a debt-to-equity ratio of -4,210.81, a current ratio of 1.43 and a quick ratio of 0.79.

Victoria (LON:VCP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported GBX (10.62) earnings per share (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 anticipate that Victoria PLC will post 15.8739255 EPS for the current fiscal year.

Victoria Company Profile

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.