Topps Tiles (LON:TPT) Trading Down 7.3% – Here’s Why

Topps Tiles Plc (LON:TPT)’s stock price fell 7.3% during trading on Friday . The stock traded as low as GBX 36.60 ($0.49) and last traded at GBX 36.60 ($0.49). 56,887 shares were traded during trading, a decline of 80% from the average session volume of 280,050 shares. The stock had previously closed at GBX 39.50 ($0.53).

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 70 target price 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 issued a Hold rating to the company. According to MarketBeat, Topps Tiles presently has an average rating of “Hold” and a consensus price target of GBX 51.33.

Topps Tiles Price Performance

The stock has a market cap of £72.33 million, a P/E ratio of -749.29 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 company’s fifty day simple moving average is GBX 36.49 and its 200-day simple moving average is GBX 35.62.

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.