Topps Tiles (LON:TPT) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Topps Tiles Plc (LON:TPT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 39.90 and traded as high as GBX 42.90. Topps Tiles shares last traded at GBX 40.10, with a volume of 314,032 shares.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating on shares of Topps Tiles in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 70.

Topps Tiles Stock Up 1.5%

The company has a 50-day moving average of GBX 43.13 and a 200-day moving average of GBX 39.90. The company has a market capitalization of £78.71 million, a price-to-earnings ratio of 13.32 and a beta of 1.45. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 1,433.83.

Topps Tiles (LON:TPT) last posted its quarterly earnings results on Thursday, December 18th. The company reported GBX 3.43 earnings per share (EPS) for the quarter. Topps Tiles had a net margin of 2.02% and a return on equity of 99.37%. On average, equities analysts predict that Topps Tiles Plc will post 4.0687161 earnings per share for the current fiscal year.

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. It also sells its products online. The company was founded in 1963 and is headquartered in Leicester, the United Kingdom.