Topps Tiles (LON:TPT) Shares Pass Below 200 Day Moving Average – Should You Sell?

Topps Tiles Plc (LON:TPT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 39.72 and traded as low as GBX 34.30. Topps Tiles shares last traded at GBX 36.60, with a volume of 84,757 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 51.50.

Topps Tiles Stock Performance

The firm has a market capitalization of £71.66 million, a PE ratio of 14.19 and a beta of 0.89. The company has a quick ratio of 0.37, a current ratio of 1.01 and a debt-to-equity ratio of 2,650.70. The stock’s fifty day simple moving average is GBX 35.25 and its 200 day simple moving average is GBX 39.72.

Topps Tiles (LON:TPT) last announced its earnings results on Tuesday, May 19th. The company reported GBX 0.17 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 during the quarter. On average, sell-side analysts predict that Topps Tiles Plc will post 4.0687161 earnings per share 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.