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

Topps Tiles Plc (LON:TPT)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 34.37 ($0.42) and last traded at GBX 35 ($0.43), with a volume of 118241 shares. The stock had previously closed at GBX 35 ($0.43).

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 reaffirmed a “hold” rating and set a GBX 42 ($0.51) price target on shares of Topps Tiles in a research report 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’s 50 day moving average is GBX 39.09 and its two-hundred day moving average is GBX 42.30. The stock has a market cap of £68.83 million, a price-to-earnings ratio of 2,195.00 and a beta of 1.45.

Topps Tiles Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, December 19th will be given a dividend of GBX 1.20 ($0.01) per share. This represents a dividend 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.