Topps Tiles (LON:TPT) Stock Passes Below 200 Day Moving Average - What's Next?

Key Points

• Topps Tiles shares fell below their 200-day moving average, trading as low as GBX 34 ($0.45) while last closing at GBX 36 ($0.48).
• The company has reported a debt-to-equity ratio of 1,807.72, indicating a high level of debt compared to equity, with a market cap of £74.89 million.
• In their latest earnings report, Topps Tiles showed a return on equity of 4.82% and a very modest net margin of 0.21% for the quarter.

Topps Tiles Plc (LON:TPT - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 34.87 ($0.47) and traded as low as GBX 34 ($0.46). Topps Tiles shares last traded at GBX 36 ($0.48), with a volume of 347,843 shares.

Topps Tiles Stock Down 3.3%

The firm's 50 day moving average price is GBX 37.25 and its two-hundred day moving average price is GBX 34.95. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1,807.72. The company has a market capitalization of £74.15 million, a P/E ratio of 140.09 and a beta of 1.45.

Topps Tiles (LON:TPT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported GBX 1.12 ($0.02) earnings per share (EPS) for the quarter. Topps Tiles had a net margin of 0.21% and a return on equity of 4.82%. Equities research analysts forecast that Topps Tiles Plc will post 4.0687161 EPS for the current 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.