Topps Tiles (LON:TPT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Topps Tiles Plc (LON:TPT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 39.40 and traded as high as GBX 44.50. Topps Tiles shares last traded at GBX 43.30, with a volume of 160,558 shares trading hands.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating on shares of Topps Tiles in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 70.

Topps Tiles Trading Up 2.9%

The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1,807.72. The company has a market cap of £84.99 million, a P/E ratio of 14.39 and a beta of 1.45. The business has a 50-day moving average price of GBX 43.80 and a two-hundred day moving average price of GBX 39.41.

Topps Tiles (LON:TPT) last issued its quarterly earnings results on Thursday, December 18th. The company reported GBX 3.43 EPS for the quarter. Topps Tiles had a net margin of 0.21% and a return on equity of 4.82%. On average, analysts predict that Topps Tiles Plc will post 4.0687161 EPS 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.