Persimmon (OTCMKTS:PSMMY) Reaches New 12-Month Low – Here’s What Happened

Persimmon Plc (OTCMKTS:PSMMYGet Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as $27.29 and last traded at $27.30, with a volume of 272019 shares changing hands. The stock had previously closed at $28.12.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, Persimmon presently has an average rating of “Buy”.

Get Our Latest Stock Report on Persimmon

Persimmon Stock Down 3.9%

The firm’s fifty day moving average is $29.51 and its 200 day moving average is $34.01.

About Persimmon

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Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.

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