Taylor Wimpey (OTCMKTS:TWODY) Reaches New 52-Week Low – Time to Sell?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares reached a new 52-week low on Friday. The company 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 Analysts Forecast Growth

A number of analysts have commented on TWODY shares. Zacks Research upgraded shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Monday. UBS Group upgraded 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 given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Taylor Wimpey Price Performance

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

About Taylor Wimpey

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.