Persimmon (OTCMKTS:PSMMY) Shares Gap Down – Here’s Why

Persimmon Plc (OTCMKTS:PSMMY)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $35.02, but opened at $33.6405. Persimmon shares last traded at $33.6405, with a volume of 262 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSMMY. Deutsche Bank Aktiengesellschaft raised Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. Zacks Research upgraded Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, UBS Group started coverage on Persimmon in a report on Wednesday, September 9th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Persimmon Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.34 and a current ratio of 4.21. The stock’s 50 day moving average price is $32.52 and its two-hundred day moving average price is $31.90.

Persimmon Company Profile

Persimmon plc is a United Kingdom homebuilder that develops and sells new homes to buyers across a range of market segments. Its homes include apartments and houses designed for first-time buyers, families and other purchasers. The company operates through brands including Persimmon Homes and Charles Church, and also works with housing partners to deliver homes for rent and affordable housing. Its developments are located across the UK. Founded in 1972, Persimmon has grown into one of the country’s established residential developers.