Topps Tiles (LON:TPT) Stock Passes Below 200-Day Moving Average – Time to Sell?

Topps Tiles Plc (LON:TPT)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 39.29 and traded as low as GBX 34.10. Topps Tiles shares last traded at GBX 34.10, with a volume of 254,323 shares trading hands.

Analyst Upgrades and Downgrades

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

Topps Tiles Stock Performance

The stock has a market cap of £66.77 million, a price-to-earnings ratio of 13.22 and a beta of 0.88. The company’s 50 day simple moving average is GBX 35.58 and its 200 day simple moving average is GBX 39.29. 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.

Topps Tiles (LON:TPT) last issued its quarterly earnings results on Tuesday, May 19th. The company reported GBX 0.17 earnings per share for the quarter. The company had revenue of £142.60 million during the quarter. Topps Tiles had a net margin of 1.74% and a return on equity of 89.58%. On average, equities research analysts anticipate that Topps Tiles Plc will post 4.0687161 earnings per share 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.