Topps Tiles (LON:TPT) Hits New 12-Month Low – Here’s What Happened

Topps Tiles Plc (LON:TPT) shares hit a new 52-week low on Monday . The company traded as low as GBX 37.20 ($0.46) and last traded at GBX 37.50 ($0.47), with a volume of 410164 shares changing hands. The stock had previously closed at GBX 38.10 ($0.47).

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TPT. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 42 ($0.52) target price on shares of Topps Tiles in a research report on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 42 ($0.52) target price on shares of Topps Tiles in a report on Wednesday, December 4th.

Topps Tiles Price Performance

The firm has a market capitalization of £73.75 million, a PE ratio of 2,195.00 and a beta of 1.45. The firm’s fifty day moving average price is GBX 40.30 and its 200 day moving average price is GBX 42.62. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 452.83.

Topps Tiles Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, December 19th will be issued a GBX 1.20 ($0.01) dividend. This represents a 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.