Topps Tiles (LON:TPT) Reaches New 12-Month Low – Here’s Why

Topps Tiles Plc (LON:TPT) hit a new 52-week low during trading 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).

Analysts Set New Price Targets

TPT has been the topic of a number of research analyst reports. Canaccord Genuity Group restated a “hold” rating and issued a GBX 42 ($0.51) price target on shares of Topps Tiles in a research note on Wednesday, December 4th. Canaccord Genuity Group restated a “hold” rating and set a GBX 42 ($0.51) target price on shares of Topps Tiles in a research note on Wednesday, December 4th.

Topps Tiles Stock Down 2.2 %

The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 452.83. The stock has a market cap of £71.19 million, a P/E ratio of 2,195.00 and a beta of 1.45. The firm has a 50-day simple moving average of GBX 39.74 and a two-hundred day simple moving average of GBX 42.49.

Topps Tiles Announces Dividend

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

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.