Topps Tiles (LON:TPT) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Topps Tiles Plc (LON:TPT) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 39.29 and traded as low as GBX 34.10. Topps Tiles shares last traded at GBX 34.10, with a volume of 254,323 shares changing hands.

Analysts Set New Price Targets

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

Topps Tiles Stock Down 4.0%

The company has a market cap of £66.57 million, a P/E ratio of 13.18 and a beta of 0.88. The company has a current ratio of 1.01, a quick ratio of 0.37 and a debt-to-equity ratio of 3,158.99. The firm’s 50 day moving average price is GBX 35.51 and its 200-day moving average price is GBX 39.19.

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

Topps Tiles Company Profile

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.