Topps Tiles (LON:TPT) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Topps Tiles Plc (LON:TPT) passed 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on shares of Topps Tiles from GBX 46 to GBX 33 and set a “hold” rating on the stock in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Topps Tiles presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 51.50.

Topps Tiles Trading Down 1.5%

The firm has a market cap of £65.59 million, a price-to-earnings ratio of 12.98 and a beta of 0.88. 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 business has a 50 day moving average price of GBX 35.24 and a 200-day moving average price of GBX 38.81.

Topps Tiles (LON:TPT) last released its quarterly earnings results on Tuesday, May 19th. The company reported GBX 0.17 EPS for the quarter. The firm had revenue of £142.60 million for the quarter. Topps Tiles had a return on equity of 89.58% and a net margin of 1.74%. As a group, research analysts expect that Topps Tiles Plc will post 4.0687161 EPS for the current fiscal 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.