Persimmon (OTCMKTS:PSMMY) Shares Gap Up – Time to Buy?
by Tristan Rich · The Markets DailyPersimmon Plc (OTCMKTS:PSMMY – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $30.4950, but opened at $35.17. Persimmon shares last traded at $35.17, with a volume of 169 shares trading hands.
Analyst Ratings Changes
PSMMY has been the topic of several research analyst reports. UBS Group assumed coverage on Persimmon in a report on Wednesday, September 9th. They set a “buy” rating on the stock. Zacks Research raised Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on Persimmon
Persimmon Price Performance
The company has a current ratio of 4.21, a quick ratio of 0.34 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $30.68 and its 200-day moving average is $29.80.
About Persimmon
Persimmon plc is a United Kingdom-based housebuilder that develops and sells new homes for private buyers, first-time purchasers and affordable-housing customers. Its operations include land acquisition, residential planning, construction and home sales, as well as customer support following completion.
The company markets homes primarily through the Persimmon Homes, Charles Church and Westbury Partnerships brands. Its developments range from entry-level and family housing to larger, higher-specification properties, while Westbury Partnerships works with housing associations and other organizations to deliver affordable homes.
Persimmon traces its origins to 1972 and serves communities across England, Scotland and Wales through a network of regional operating businesses.