Persimmon (OTCMKTS:PSMMY) Trading Up 0.6% – Here’s What Happened

Shares of Persimmon Plc (OTCMKTS:PSMMY) were up 0.6% during trading on Monday . The stock traded as high as $32.08 and last traded at $31.40. Approximately 7,699 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 17,143 shares. The stock had previously closed at $31.21.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PSMMY shares. Citigroup raised shares of Persimmon from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada cut Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd.

Persimmon Trading Up 2.1 %

The stock’s fifty day moving average is $30.37 and its 200-day moving average is $37.11.

About Persimmon

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.