Topps Tiles (LON:TPT) Shares Pass Below 200-Day Moving Average – Time to Sell?

Topps Tiles Plc (LON:TPT) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 36.22 and traded as low as GBX 34.80. Topps Tiles shares last traded at GBX 34.80, with a volume of 319,711 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on Topps Tiles from GBX 46 to GBX 33 and set a “hold” rating for the company in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Topps Tiles currently has an average rating of “Moderate Buy” and an average target price of GBX 51.50.

Topps Tiles Trading Down 5.3%

The firm has a market capitalization of £66.77 million, a PE ratio of 13.22 and a beta of 0.87. The company has a debt-to-equity ratio of 3,158.99, a quick ratio of 0.37 and a current ratio of 1.01. The company’s 50-day moving average price is GBX 34.98 and its 200-day moving average price is GBX 36.18.

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.