Topps Tiles (LON:TPT) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Topps Tiles Plc (LON:TPT)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 36.12 and traded as high as GBX 36.40. Topps Tiles shares last traded at GBX 34.70, with a volume of 113,313 shares.

Wall Street Analyst Weigh In

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 70 price objective on shares of Topps Tiles in a research report on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 51.33.

Topps Tiles Stock Up 2.6%

The company has a debt-to-equity ratio of 1,807.72, a current ratio of 1.04 and a quick ratio of 0.37. The firm’s 50-day moving average is GBX 35.87 and its 200 day moving average is GBX 36.12. The stock has a market cap of £69.99 million, a price-to-earnings ratio of -7.25 and a beta of 1.45.

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.