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

Key Points

• Shares of Topps Tiles Plc have fallen below their two hundred-day moving average of GBX 35.14 during trading, reaching a low of GBX 35.
• The company is experiencing a 1.4% decline in stock price and currently holds a market cap of £69.19 million.
• Topps Tiles has a high debt-to-equity ratio of 1,807.72, indicating significant leverage in its financial structure.

Shares of Topps Tiles Plc (LON:TPT - ) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 35.14 ($0.48) and traded as low as GBX 35 ($0.48). Topps Tiles shares last traded at GBX 35.70 ($0.49), with a volume of 212,815 shares trading hands.

Topps Tiles Trading Down 1.4%

The company has a market cap of £69.19 million, a price-to-earnings ratio of -716.70 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. The firm's fifty day moving average price is GBX 37.21 and its 200-day moving average price is GBX 35.14.

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.

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