Topps Tiles (LON:TPT) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Crossed below its 200‑day moving average: Topps Tiles dropped under the 200‑day MA of GBX 39.90, trading as low as GBX 32.10 and last at GBX 33.60 on a volume of 991,112 shares (the article also notes a 1.2% intraday rise).
• Fragile balance sheet and small market cap: The company reports an extremely high debt‑to‑equity ratio of 1,433.83 with weak liquidity (current ratio 0.97, quick ratio 0.37), a market cap of £66.74m and a PE of 11.3.

Topps Tiles Plc (LON:TPT - ) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 39.90 and traded as low as GBX 32.10. Topps Tiles shares last traded at GBX 33.60, with a volume of 991,112 shares trading hands.

Topps Tiles Stock Up 1.2%

The company has a debt-to-equity ratio of 1,433.83, a current ratio of 0.97 and a quick ratio of 0.37. The stock has a market cap of £66.74 million, a PE ratio of 11.30 and a beta of 0.89. The business has a fifty day moving average of GBX 39.60 and a 200-day moving average of GBX 39.90.

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.

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