Topps Tiles (LON:TPT) Stock Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• Topps Tiles Plc's stock has fallen below its 200-day moving average of GBX 35.73, trading as low as GBX 33.50 recently.
• Analysts maintain a consensus rating of "Hold" on Topps Tiles, with a target price of GBX 51.33, though Peel Hunt has set a more optimistic target price of GBX 70 for the stock.
• The company shows a high debt-to-equity ratio of 1,807.72, indicating potential financial risks despite a market capitalization of £70.78 million.

Topps Tiles Plc (LON:TPT - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 35.73 ($0.48) and traded as low as GBX 33.50 ($0.45). Topps Tiles shares last traded at GBX 36 ($0.48), with a volume of 2,328,299 shares.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a "buy" rating and set a GBX 70 target price on shares of Topps Tiles in a research note on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 51.33.

Topps Tiles Price Performance

The company has a fifty day moving average of GBX 36.28 and a 200 day moving average of GBX 35.73. The firm has a market capitalization of £70.78 million, a P/E ratio of -733.20 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.