Topps Tiles (LON:TPT) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Topps Tiles Plc (LON:TPT) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

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 currently has a consensus rating of “Moderate Buy” and an average price target of GBX 51.50.

Topps Tiles Trading Down 1.4%

The stock’s fifty day moving average price is GBX 34.72 and its 200 day moving average price is GBX 37.93. The company has a quick ratio of 0.37, a current ratio of 1.01 and a debt-to-equity ratio of 3,158.99. The stock has a market cap of £67.94 million, a PE ratio of 13.45 and a beta of 0.88.

Topps Tiles (LON:TPT) last announced its quarterly earnings data on Tuesday, May 19th. The company reported GBX 0.17 earnings per share 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. On average, sell-side analysts forecast that Topps Tiles Plc will post 4.0687161 EPS for the current 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.