Topps Tiles (LON:TPT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of 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 37.96 and traded as low as GBX 34.20. Topps Tiles shares last traded at GBX 34.20, with a volume of 37,201 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on shares of Topps Tiles from GBX 46 to GBX 33 and set a “hold” rating for the company in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Topps Tiles presently has a consensus rating of “Moderate Buy” and an average target price of GBX 51.50.

Topps Tiles Stock Down 1.2%

The firm has a market cap of £66.96 million, a PE ratio of 13.26 and a beta of 0.88. The company has a 50-day simple moving average of GBX 34.73 and a 200-day simple moving average of GBX 37.96. The company has a debt-to-equity ratio of 3,158.99, a current ratio of 1.01 and a quick ratio of 0.37.

Topps Tiles (LON:TPT) last issued its quarterly earnings results on Tuesday, May 19th. The company reported GBX 0.17 earnings per share for the quarter. Topps Tiles had a return on equity of 89.58% and a net margin of 1.74%.The firm had revenue of £142.60 million for the quarter. Analysts expect 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.