Barratt Redrow (OTCMKTS:BTDPY) Hits New 1-Year Low – Should You Sell?

Barratt Redrow plc. (OTCMKTS:BTDPY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $7.96 and last traded at $7.98, with a volume of 36038 shares trading hands. The stock had previously closed at $8.36.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BTDPY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barratt Redrow in a research report on Thursday, February 12th. Jefferies Financial Group downgraded shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating for the company. Zacks Research downgraded shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Peel Hunt downgraded shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 1.5%

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 firm’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $10.21.

Barratt Redrow Company Profile

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.