Topps Tiles (LON:TPT) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Topps Tiles Plc (LON:TPT)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 38.32 and traded as low as GBX 33. Topps Tiles shares last traded at GBX 34, with a volume of 256,646 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price objective on 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 51.50.

Topps Tiles Stock Up 2.1%

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 34.89 and its 200-day moving average price is GBX 38.32.

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 for the quarter. Topps Tiles had a net margin of 1.74% and a return on equity of 89.58%. 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.