Topps Tiles (LON:TPT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Topps Tiles Plc (LON:TPT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 35.95 ($0.48) and traded as low as GBX 35 ($0.47). Topps Tiles shares last traded at GBX 36.10 ($0.48), with a volume of 483,833 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 report on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 51.33.

Topps Tiles Stock Performance

The stock’s 50-day moving average price is GBX 35.98 and its 200-day moving average price is GBX 35.95. The company has a market cap of £70.98 million, a P/E ratio of -7.35 and a beta of 1.45. 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.

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.