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

Topps Tiles Plc (LON:TPT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 33 ($0.42) and last traded at GBX 36.50 ($0.46), with a volume of 385797 shares traded. The stock had previously closed at GBX 35 ($0.44).

Wall Street Analysts Forecast Growth

TPT has been the topic of a number of research reports. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 42 ($0.53) target price 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 ($0.53) price objective on shares of Topps Tiles in a research note on Wednesday, December 4th.

Topps Tiles Stock Performance

The stock has a market cap of £69.90 million, a PE ratio of 132.06 and a beta of 1.45. The stock has a fifty day simple moving average of GBX 37.33 and a two-hundred day simple moving average of GBX 41.33. The company has a debt-to-equity ratio of 1,807.72, a quick ratio of 0.37 and a current ratio of 1.04.

Topps Tiles (LON:TPT) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX 2.39 ($0.03) earnings per share for the quarter. Topps Tiles had a net margin of 0.21% and a return on equity of 4.82%. Equities analysts anticipate that Topps Tiles Plc will post 4.0687161 EPS for the current fiscal year.

Topps Tiles Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 30th. Shareholders of record on Thursday, December 19th were paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 3.04%. Topps Tiles’s payout ratio is 1,486.39%.

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.