Topps Tiles (LON:TPT) Sets New 1-Year Low – Should You Sell?

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

Analyst Ratings Changes

A number of brokerages recently commented on TPT. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 42 ($0.52) price objective on shares of Topps Tiles in a research note on Wednesday, December 4th. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 42 ($0.52) price target on shares of Topps Tiles in a research report on Wednesday, December 4th.

Topps Tiles Stock Up 6.3 %

The firm has a market capitalization of £77.78 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 firm’s 50-day moving average is GBX 40.07 and its 200 day moving average is GBX 42.56.

Topps Tiles Dividend Announcement

The company also recently declared 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.