Taylor Wimpey (OTCMKTS:TWODY) Reaches New 12-Month Low – Here’s Why

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock price reached a new 52-week low during trading on Friday. The stock traded as low as $9.73 and last traded at $9.73, with a volume of 17552 shares traded. The stock had previously closed at $10.0480.

Wall Street Analyst Weigh In

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

Taylor Wimpey Trading Down 3.5%

The business has a 50 day moving average of $11.03 and a 200-day moving average of $10.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.44 and a current ratio of 4.99.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer that designs and builds homes for private buyers and affordable-housing customers. Its activities include acquiring and managing land, securing planning approvals, developing communities, constructing homes and selling completed properties through its housebuilding operations.

The company operates primarily in the United Kingdom and also has a residential development business in Spain. Its UK operations serve a range of regions and typically provide houses and apartments in both urban and suburban communities, while its Spanish business focuses on residential properties in selected coastal and resort locations.

Taylor Wimpey was formed in 2007 through the merger of Taylor Woodrow and George Wimpey, bringing together businesses with longer histories in construction and housebuilding.