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Persimmon (OTCMKTS:PSMMY) Hits New 52-Week Low - What's Next?

Persimmon logo with Construction background

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $30.20 and last traded at $30.34, with a volume of 12116 shares traded. The stock had previously closed at $31.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PSMMY shares. Royal Bank of Canada cut shares of Persimmon from a "hold" rating to a "strong sell" rating in a research report on Monday, December 2nd. Citigroup raised shares of Persimmon from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 3rd.

View Our Latest Report on PSMMY

Persimmon Stock Performance

The business has a 50-day moving average price of $36.13 and a two-hundred day moving average price of $38.98.

Persimmon Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, October 18th were issued a dividend of $0.4829 per share. The ex-dividend date was Friday, October 18th.

About Persimmon

(Get Free Report)

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.

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