Taylor Wimpey (OTCMKTS:TWODY) Sees Strong Trading Volume – Time to Buy?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) saw strong trading volume on Tuesday. 230,966 shares were traded during mid-day trading, an increase of 555% from the previous session’s volume of 35,263 shares. The stock last traded at $10.5334 and had previously closed at $10.1125.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group upgraded Taylor Wimpey to a “strong sell” rating in a research note on Wednesday, September 9th. Zacks Research upgraded Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Taylor Wimpey currently has a consensus rating of “Reduce”.

Taylor Wimpey Price Performance

The stock’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.88. The company has a current ratio of 4.99, a quick ratio of 0.44 and a debt-to-equity ratio of 0.02.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer and housebuilder headquartered in the United Kingdom. The company acquires land, secures planning approvals and designs, constructs and sells homes for private buyers, while also working with housing associations and other organizations to deliver affordable housing.

The company operates primarily in the United Kingdom, where it builds a range of properties from apartments and starter homes to larger family houses. Its activities also include land development, infrastructure work and the management of large-scale residential communities.