Topps Tiles (LON:TPT) Stock Crosses Below 200 Day Moving Average – What’s Next?

Topps Tiles Plc (LON:TPT) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 40.08 and traded as low as GBX 35.50. Topps Tiles shares last traded at GBX 36.60, with a volume of 508,862 shares changing hands.

Wall Street Analyst Weigh In

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

Topps Tiles Trading Down 0.5%

The firm has a market cap of £71.84 million, a PE ratio of 12.16 and a beta of 0.83. The company’s 50 day moving average price is GBX 41.82 and its 200 day moving average price is GBX 40.08. The company has a debt-to-equity ratio of 1,433.83, a current ratio of 0.97 and a quick ratio of 0.37.

Topps Tiles Company Profile

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.