Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Down – Time to Sell?

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) gapped down prior to trading on Thursday. The stock had previously closed at $10.51, but opened at $10.06. Taylor Wimpey shares last traded at $10.0450, with a volume of 949 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group raised shares of Taylor Wimpey to a “strong sell” rating in a research report on Wednesday, September 9th. Zacks Research raised shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Taylor Wimpey presently has an average rating of “Reduce”.

Taylor Wimpey Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.44 and a current ratio of 4.99. The stock has a 50 day simple moving average of $11.01 and a 200 day simple moving average of $10.95.

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.