Persimmon (OTCMKTS:PSMMY) Hits New 52-Week Low – Time to Sell?

Persimmon Plc (OTCMKTS:PSMMY)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $29.70 and last traded at $30.13, with a volume of 3575 shares changing hands. The stock had previously closed at $30.47.

Analyst Ratings Changes

Several research firms recently commented on PSMMY. Citigroup raised Persimmon from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada downgraded Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd.

Persimmon Price Performance

The firm has a 50-day moving average of $34.96 and a 200 day moving average of $38.71.

About Persimmon

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.