Persimmon (OTCMKTS:PSMMY) Sees Large Volume Increase – Here’s Why

Persimmon Plc (OTCMKTS:PSMMYGet Free Report) shares saw an uptick in trading volume on Thursday . 44,970 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 17,823 shares.The stock last traded at $31.63 and had previously closed at $31.76.

Analyst Ratings Changes

Several research firms have commented on PSMMY. Kepler Capital Markets upgraded Persimmon to a “strong-buy” rating in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Get Our Latest Research Report on Persimmon

Persimmon Trading Down 0.3%

The company has a fifty day simple moving average of $31.71 and a 200 day simple moving average of $32.86.

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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