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Topps Tiles (LON:TPT) Share Price Passes Below 200-Day Moving Average - Here's Why

Topps Tiles logo with Consumer Cyclical background

Shares of Topps Tiles Plc (LON:TPT - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 43.66 ($0.57) and traded as low as GBX 41.69 ($0.54). Topps Tiles shares last traded at GBX 42.70 ($0.56), with a volume of 325,191 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "hold" rating and set a GBX 42 ($0.55) price target on shares of Topps Tiles in a research note on Monday, July 8th.

View Our Latest Stock Analysis on TPT

Topps Tiles Stock Down 3.5 %

The firm has a market cap of £81.02 million, a price-to-earnings ratio of 2,195.00 and a beta of 1.45. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 452.83. The firm has a fifty day moving average price of GBX 44.95 and a 200-day moving average price of GBX 43.66.

About Topps Tiles

(Get Free Report)

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.

Further Reading

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