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

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group restated a “hold” rating and issued a GBX 42 ($0.53) price objective on shares of Topps Tiles in a research report on Wednesday, December 4th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 42 ($0.53) price objective on shares of Topps Tiles in a research report on Wednesday, December 4th.

Topps Tiles Price Performance

The business’s 50 day moving average price is GBX 37.51 and its two-hundred day moving average price is GBX 41.44. The stock has a market cap of £71.79 million, a P/E ratio of 135.63 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1,807.72.

Topps Tiles (LON:TPT) last announced its 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%. As a group, sell-side analysts expect that Topps Tiles Plc will post 4.0687161 earnings per share for the current fiscal year.

Topps Tiles Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, December 19th were paid a dividend of GBX 1.20 ($0.02) per share. This represents a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, December 19th. 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.