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

Topps Tiles Plc (LON:TPT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 39.40 and traded as high as GBX 44.50. Topps Tiles shares last traded at GBX 43.30, with a volume of 160,558 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued a “buy” rating on shares of Topps Tiles in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Topps Tiles presently has a consensus rating of “Buy” and a consensus target price of GBX 70.

Topps Tiles Trading Up 2.9%

The business has a fifty day moving average of GBX 43.80 and a 200-day moving average of GBX 39.40. The company has a debt-to-equity ratio of 1,807.72, a quick ratio of 0.37 and a current ratio of 1.04. The company has a market capitalization of £84.99 million, a P/E ratio of 14.39 and a beta of 1.45.

Topps Tiles (LON:TPT) last announced its quarterly earnings results on Thursday, December 18th. The company reported GBX 3.43 EPS for the quarter. Topps Tiles had a net margin of 0.21% and a return on equity of 4.82%. Analysts anticipate that Topps Tiles Plc will post 4.0687161 earnings per share 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. It also sells its products online. The company was founded in 1963 and is headquartered in Leicester, the United Kingdom.