Topps Tiles (LON:TPT) Shares Pass Below 200 Day Moving Average – Should You Sell?

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 changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 51.50.

Topps Tiles Stock Performance

The stock’s 50 day moving average price is GBX 35.25 and its 200-day moving average price is GBX 39.72. 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 stock has a market capitalization of £71.66 million, a PE ratio of 14.19 and a beta of 0.89.

Topps Tiles (LON:TPT) last announced its quarterly earnings data on Tuesday, May 19th. The company reported GBX 0.17 earnings per share (EPS) for the quarter. The firm had revenue of £142.60 million during the quarter. Topps Tiles had a net margin of 1.74% and a return on equity of 89.58%. On average, sell-side analysts expect that Topps Tiles Plc will post 4.0687161 earnings per share for the current fiscal 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.