Topps Tiles (LON:TPT) Hits New 52-Week Low - Time to Sell?

Topps Tiles Plc (LON:TPT - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 31 ($0.40) and last traded at GBX 31.10 ($0.40), with a volume of 207685 shares changing hands. The stock had previously closed at GBX 32.20 ($0.42).

Analysts Set New Price Targets

Several equities research analysts have commented on TPT shares. Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 42 ($0.54) price target on shares of Topps Tiles in a report on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 42 ($0.54) price target on shares of Topps Tiles in a report on Wednesday, December 4th.

Topps Tiles Stock Performance

The company has a debt-to-equity ratio of 1,807.72, a current ratio of 1.04 and a quick ratio of 0.37. The company has a market capitalization of £57.23 million, a PE ratio of 108.13 and a beta of 1.45. The firm's fifty day simple moving average is GBX 35.63 and its 200 day simple moving average is GBX 40.49.

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.