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

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

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on Topps Tiles from GBX 46 to GBX 33 and set a “hold” rating for the company in a research 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 company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 51.50.

Topps Tiles Trading Up 1.2%

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 company has a market capitalization of £68.14 million, a PE ratio of 13.49 and a beta of 0.89. The stock’s fifty day moving average price is GBX 35.29 and its two-hundred day moving average price is GBX 39.69.

Topps Tiles (LON:TPT) last posted its earnings results on Tuesday, May 19th. The company reported GBX 0.17 earnings per share (EPS) for the quarter. Topps Tiles had a return on equity of 89.58% and a net margin of 1.74%.The firm had revenue of £142.60 million for the quarter. Sell-side 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.