Topps Tiles (LON:TPT) Share Price Passes Below 200 Day Moving Average – What’s Next?

Topps Tiles Plc (LON:TPT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 38.81 and traded as low as GBX 33.50. Topps Tiles shares last traded at GBX 33.50, with a volume of 385,953 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on 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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Topps Tiles currently has an average rating of “Moderate Buy” and a consensus price target of GBX 51.50.

Topps Tiles Price Performance

The stock has a market capitalization of £66.18 million, a PE ratio of 13.10 and a beta of 0.88. 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. The firm’s 50 day simple moving average is GBX 35.15 and its 200 day simple moving average is GBX 38.77.

Topps Tiles (LON:TPT) last announced its quarterly earnings data 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 company had revenue of £142.60 million during the quarter. As a group, equities analysts forecast that Topps Tiles Plc will post 4.0687161 EPS for the current fiscal 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.