Topps Tiles (LON:TPT) Sets New 12-Month Low – Time to Sell?

Topps Tiles Plc (LON:TPT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 38 ($0.48) and last traded at GBX 40.90 ($0.51), with a volume of 49939 shares traded. The stock had previously closed at GBX 38.80 ($0.49).

Wall Street Analysts Forecast Growth

TPT has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 42 ($0.53) target price on shares of Topps Tiles in a research note on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 42 ($0.53) price target on shares of Topps Tiles in a report on Wednesday, December 4th.

Topps Tiles Stock Up 5.4 %

The firm has a market capitalization of £80.43 million, a P/E ratio of 2,195.00 and a beta of 1.45. The company has a debt-to-equity ratio of 452.83, a quick ratio of 0.37 and a current ratio of 0.89. The stock has a 50 day moving average of GBX 40.79 and a 200-day moving average of GBX 42.77.

Topps Tiles Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, December 19th will be given a GBX 1.20 ($0.02) dividend. This represents a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 19th.

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.