Persimmon (OTCMKTS:PSMMY) Reaches New 1-Year Low – Time to Sell?

Persimmon Plc (OTCMKTS:PSMMY) shares hit a new 52-week low on Wednesday . The company traded as low as $30.20 and last traded at $30.34, with a volume of 12116 shares changing hands. The stock had previously closed at $31.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup upgraded shares of Persimmon from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lowered Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd.

Persimmon Stock Performance

The business has a 50-day moving average price of $35.44 and a 200-day moving average price of $38.82.

Persimmon Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, October 18th were given a dividend of $0.4829 per share. The ex-dividend date was Friday, October 18th.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.