Topps Tiles (LON:TPT) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Topps Tiles Plc (LON:TPT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 36.32 and traded as high as GBX 41.49. Topps Tiles shares last traded at GBX 40.50, with a volume of 710,075 shares traded.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 70 target price on shares of Topps Tiles in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Topps Tiles has an average rating of “Hold” and a consensus target price of GBX 51.33.

Topps Tiles Stock Down 1.7%

The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1,807.72. The stock has a market capitalization of £78.26 million, a PE ratio of -8.11 and a beta of 1.45. The firm’s fifty day moving average is GBX 35.99 and its 200-day moving average is GBX 36.32.

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.