Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Down – Should You Sell?

Barratt Redrow plc. (OTCMKTS:BTDPY) gapped down prior to trading on Wednesday . The stock had previously closed at $10.89, but opened at $10.3250. Barratt Redrow shares last traded at $10.51, with a volume of 1,205 shares.

Analyst Ratings Changes

A number of brokerages recently weighed in on BTDPY. Royal Bank Of Canada lowered shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. The Goldman Sachs Group initiated coverage on Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50-day moving average price is $10.35 and its 200 day moving average price is $10.26.

About Barratt Redrow

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.