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

Persimmon Plc (OTCMKTS:PSMMY) shares 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 Upgrades and Downgrades

Several equities analysts have issued reports on PSMMY shares. Deutsche Bank upgraded shares of Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. Zacks Research raised Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, UBS Group began coverage on Persimmon in a research report on Wednesday, September 9th. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Persimmon has a consensus rating of “Moderate Buy”.

Persimmon Price Performance

The business’s fifty day moving average price is $32.64 and its 200 day moving average price is $31.85. The company has a quick ratio of 0.34, a current ratio of 4.21 and a debt-to-equity ratio of 0.07.

About Persimmon

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.