Topps Tiles (LON:TPT) Share Price 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 35.95 ($0.48) and traded as low as GBX 35 ($0.47). Topps Tiles shares last traded at GBX 36.10 ($0.48), with a volume of 483,833 shares.

Analyst Upgrades and Downgrades

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

Topps Tiles Trading Up 2.0%

The company has a market cap of £70.98 million, a price-to-earnings ratio of -7.35 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1,807.72. The firm’s 50-day moving average price is GBX 35.98 and its 200 day moving average price is GBX 35.95.

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.