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

Topps Tiles Plc (LON:TPT)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 35.50 ($0.43) and last traded at GBX 36.20 ($0.44), with a volume of 375952 shares. The stock had previously closed at GBX 37 ($0.45).

Wall Street Analysts Forecast Growth

TPT has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 42 ($0.51) price objective on shares of Topps Tiles in a report on Wednesday, December 4th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 42 ($0.51) price objective on shares of Topps Tiles in a research note on Wednesday, December 4th.

Topps Tiles Stock Performance

The stock has a 50 day moving average of GBX 39.74 and a 200 day moving average of GBX 42.49. The company has a market capitalization of £71.19 million, a price-to-earnings ratio of 2,195.00 and a beta of 1.45. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 452.83.

Topps Tiles Dividend Announcement

The company 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 ($0.01) dividend. The ex-dividend date is Thursday, December 19th. This represents a dividend yield of 3.04%.

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.