Topps Tiles (LON:TPT) Share Price Passes Above 200 Day Moving Average of $43.62

Topps Tiles Plc (LON:TPT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 43.62 ($0.58) and traded as high as GBX 45.40 ($0.61). Topps Tiles shares last traded at GBX 44 ($0.59), with a volume of 80,336 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 42 ($0.56) price objective on shares of Topps Tiles in a report on Monday, July 8th.

Topps Tiles Price Performance

The firm has a market capitalization of £86.53 million, a P/E ratio of 2,195.00 and a beta of 1.45. The firm’s 50 day simple moving average is GBX 45.23 and its two-hundred day simple moving average is GBX 43.61. The company has a debt-to-equity ratio of 452.83, a current ratio of 0.89 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.