Persimmon (OTCMKTS:PSMMY) Sets New 52-Week Low – Here’s Why

Persimmon Plc (OTCMKTS:PSMMYGet Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $27.3350 and last traded at $27.3350, with a volume of 6974 shares. The stock had previously closed at $27.86.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on Persimmon

Persimmon Stock Performance

The stock has a fifty day simple moving average of $29.94 and a 200-day simple moving average of $34.27.

About Persimmon

(Get Free Report)

Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.

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