Persimmon Plc (OTCMKTS:PSMMY – Get Free Report) dropped 6.6% during mid-day trading on Wednesday. The company traded as low as $32.74 and last traded at $32.74. Approximately 6,889 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 25,575 shares. The stock had previously closed at $35.05.
Wall Street Analyst Weigh In
Several analysts have issued reports on PSMMY shares. UBS Group initiated coverage on shares of Persimmon in a research report on Wednesday, September 9th. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on PSMMY
Persimmon Price Performance
The business’s 50 day simple moving average is $32.09 and its 200 day simple moving average is $32.02. The company has a quick ratio of 0.34, a current ratio of 4.21 and a debt-to-equity ratio of 0.07.
Persimmon Company Profile
Persimmon plc is a United Kingdom-based housebuilding company that develops, constructs and sells new homes. Its operations include acquiring residential land, obtaining planning approvals, building properties and selling completed homes to private buyers and housing organizations.
The company offers a range of homes, including houses and apartments designed for first-time buyers, families and other purchasers. Through its Persimmon, Charles Church and Westbury Partnerships brands, it also works with housing associations and other partners to provide affordable and social housing.
Persimmon serves communities across England, Scotland and Wales through a network of regional operating businesses.
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