Taylor Wimpey (OTCMKTS:TWODY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $10.68 and traded as low as $10.36. Taylor Wimpey shares last traded at $10.45, with a volume of 13,319 shares trading hands.

Wall Street Analyst Weigh In

TWODY has been the subject of several analyst reports. The Goldman Sachs Group upgraded Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 20th. Zacks Research raised Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, UBS Group upgraded Taylor Wimpey to a “strong sell” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Taylor Wimpey currently has an average rating of “Hold”.

Taylor Wimpey Trading Down 4.7%

The company has a 50-day moving average price of $10.68 and a 200 day moving average price of $11.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.99 and a quick ratio of 0.44.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer that builds and sells homes in the United Kingdom and Spain. Its developments include apartments and houses for a range of buyers, from first-time purchasers to families. The company’s activities span land acquisition, planning, construction and home sales. In the UK, it operates across multiple regions and also works with housing associations and other partners on affordable housing. Taylor Wimpey was formed in 2007 through the merger of George Wimpey and Taylor Woodrow, two businesses with histories dating back to the 19th century.