Travis Perkins (OTCMKTS:TPRKY) Stock Price Down 5.5% – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY) dropped 5.5% during mid-day trading on Friday. The stock traded as low as $7.24 and last traded at $7.24. 100 shares were traded during mid-day trading, a decline of 98% from the average session volume of 5,677 shares. The stock had previously closed at $7.66.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Travis Perkins Trading Up 0.3%

The company’s fifty day moving average is $8.30 and its 200-day moving average is $7.69.

Travis Perkins Company Profile

Travis Perkins plc is a United Kingdom-based distributor of building materials and construction supplies. Through its merchanting businesses, the company serves professional builders, contractors, tradespeople, housebuilders, and other customers involved in residential, commercial, and infrastructure construction.

The company supplies a broad range of products, including timber, bricks, blocks, insulation, plumbing and heating equipment, tools, workwear, kitchens, bathrooms, and landscaping materials.