Topps Tiles (LON:TPT) Sets New 52-Week Low – Time to Sell?

Topps Tiles Plc (LON:TPT) shares reached a new 52-week low during mid-day trading on Monday . The company 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 Upgrades and Downgrades

TPT has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 42 ($0.52) target price 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 objective on shares of Topps Tiles in a research report on Wednesday, December 4th.

Topps Tiles Stock Up 6.3 %

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 £77.78 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 40.07 and a two-hundred day simple moving average of GBX 42.56.

Topps Tiles Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, December 19th will be paid a GBX 1.20 ($0.01) dividend. The ex-dividend date of this dividend 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.