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

Topps Tiles Plc (LON:TPT)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 38.32 and traded as low as GBX 33. Topps Tiles shares last traded at GBX 34, with a volume of 256,646 shares traded.

Wall Street Analyst Weigh In

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

Topps Tiles Price Performance

The firm has a market capitalization of £66.57 million, a P/E ratio of 13.18 and a beta of 0.88. The company has a debt-to-equity ratio of 3,158.99, a quick ratio of 0.37 and a current ratio of 1.01. The firm has a 50-day moving average of GBX 34.89 and a 200-day moving average of GBX 38.32.

Topps Tiles (LON:TPT) last posted its earnings results on Tuesday, May 19th. The company reported GBX 0.17 earnings per share (EPS) for the quarter. Topps Tiles had a net margin of 1.74% and a return on equity of 89.58%. The business had revenue of £142.60 million for the quarter. As a group, analysts predict that Topps Tiles Plc will post 4.0687161 EPS for the current year.

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.