Topps Tiles (LON:TPT) Stock Price Down 7.3% – Time to Sell?

Shares of Topps Tiles Plc (LON:TPT) dropped 7.3% during trading on Friday . The stock traded as low as GBX 36.60 ($0.49) and last traded at GBX 36.60 ($0.49). Approximately 56,887 shares changed hands during trading, a decline of 80% from the average daily volume of 280,050 shares. The stock had previously closed at GBX 39.50 ($0.53).

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating and set a GBX 70 target price on shares of Topps Tiles in a report on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 51.33.

Topps Tiles Price Performance

The stock has a market capitalization of £71.76 million, a P/E ratio of -743.38 and a beta of 1.45. The company has a debt-to-equity ratio of 1,807.72, a quick ratio of 0.37 and a current ratio of 1.04. The stock has a 50-day simple moving average of GBX 36.52 and a 200 day simple moving average of GBX 35.68.

About Topps Tiles

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom. The company engages in the property management and investment activities; retail and wholesale of wood flooring products; provision of warehousing services; and sale and distribution of architectural ceramic.