Topps Tiles (LON:TPT) Hits New 52-Week Low – Here’s Why

Topps Tiles Plc (LON:TPT) reached a new 52-week low during trading on Monday . The company traded as low as GBX 37.20 ($0.46) and last traded at GBX 37.50 ($0.47), with a volume of 410164 shares. The stock had previously closed at GBX 38.10 ($0.47).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 42 ($0.52) price target on shares of Topps Tiles in a research note on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 42 ($0.52) price target on shares of Topps Tiles in a research note on Wednesday, December 4th.

Topps Tiles Stock Performance

The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 452.83. The firm has a 50 day moving average price of GBX 40.30 and a 200 day moving average price of GBX 42.62. The stock has a market cap of £73.75 million, a PE ratio of 2,195.00 and a beta of 1.45.

Topps Tiles Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, December 19th will be given a dividend of GBX 1.20 ($0.01) per share. This represents a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 19th.

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.