Victoria (LON:VCP) Stock Price Down 12.6% - Should You Sell?

Shares of Victoria PLC (LON:VCP - Get Free Report) dropped 12.6% during mid-day trading on Tuesday . The stock traded as low as GBX 121.20 ($1.48) and last traded at GBX 125 ($1.53). Approximately 3,529,439 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 4,401,769 shares. The stock had previously closed at GBX 143 ($1.75).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on Victoria from GBX 300 ($3.66) to GBX 170 ($2.08) and set a "buy" rating for the company in a research note on Tuesday, October 15th.

Victoria Price Performance

The stock has a 50 day simple moving average of GBX 66.48 and a 200-day simple moving average of GBX 116.24. The firm has a market cap of £142.04 million, a PE ratio of -132.98 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of 1,494.32.

Insider Activity

In related news, insider Gavin Petken purchased 28,147 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average price of GBX 71 ($0.87) per share, for a total transaction of £19,984.37 ($24,397.96). Also, insider Philippe Hamers bought 200,000 shares of the stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of GBX 40 ($0.49) per share, with a total value of £80,000 ($97,668.17). Company insiders own 35.37% of the company's stock.

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.