Persimmon (OTCMKTS:PSMMY) Hits New 1-Year Low – Should You Sell?

Persimmon Plc (OTCMKTS:PSMMY) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $27.75 and last traded at $27.75, with a volume of 19736 shares. The stock had previously closed at $28.87.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup upgraded Persimmon from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada downgraded shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note on Monday, December 2nd.

Persimmon Trading Down 2.8 %

The firm’s 50-day moving average price is $31.83 and its 200 day moving average price is $38.10.

Persimmon Company Profile

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.