Topps Tiles (LON:TPT) Sets New 1-Year Low – Here’s Why

Topps Tiles Plc (LON:TPT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 33 ($0.42) and last traded at GBX 33.40 ($0.42), with a volume of 414058 shares trading hands. The stock had previously closed at GBX 34.50 ($0.44).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 42 ($0.53) price objective on shares of Topps Tiles in a research note on Wednesday, December 4th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 42 ($0.53) price objective on shares of Topps Tiles in a research note on Wednesday, December 4th.

Topps Tiles Price Performance

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 cap of £65.69 million, a P/E ratio of 124.11 and a beta of 1.45. The firm has a 50 day moving average price of GBX 37.01 and a 200 day moving average price of GBX 41.18.

Topps Tiles (LON:TPT) last issued its quarterly earnings results on Tuesday, November 26th. The company reported GBX 2.39 ($0.03) earnings per share for the quarter. Topps Tiles had a net margin of 0.21% and a return on equity of 4.82%. On average, analysts forecast that Topps Tiles Plc will post 4.0687161 EPS for the current fiscal year.

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.