Topps Tiles (LON:TPT) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Topps Tiles shares traded above their 200-day moving average, indicating positive momentum, closing at GBX 36.22 ($0.49) with a trading volume of 117,121 shares.
• The company has a market capitalization of £71.79 million, a high PE ratio of 135.63, and a significant debt-to-equity ratio of 1,807.72.
• Topps Tiles reported earnings of GBX 1.12 per share for the last quarter, with a projected EPS of 4.07 for the current fiscal year, highlighting the company's modest profitability.

Topps Tiles Plc (LON:TPT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 35.01 ($0.47) and traded as high as GBX 36.22 ($0.49). Topps Tiles shares last traded at GBX 36.22 ($0.49), with a volume of 117,121 shares trading hands.

Topps Tiles Stock Down 0.6%

The stock has a 50 day simple moving average of GBX 37.24 and a 200-day simple moving average of GBX 34.99. The firm has a market cap of £70.81 million, a PE ratio of 133.77 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.