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

Topps Tiles Plc (LON:TPT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 35.84 and traded as low as GBX 33.60. Topps Tiles shares last traded at GBX 33.80, with a volume of 197,411 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 51.50.

Topps Tiles Stock Up 1.5%

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 company has a market capitalization of £65.59 million, a P/E ratio of 12.98 and a beta of 0.87. The company has a 50 day moving average of GBX 34.90 and a 200-day moving average of GBX 35.75.

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.