Persimmon (OTCMKTS:PSMMY) Trading 9.6% Higher – Time to Buy?

Persimmon Plc (OTCMKTS:PSMMY) shares shot up 9.6% on Thursday . The company traded as high as $29.80 and last traded at $29.80. Approximately 207 shares traded hands during trading, a decline of 99% from the average session volume of 38,884 shares. The stock had previously closed at $27.18.

Analyst Ratings Changes

PSMMY has been the subject of a number of recent analyst reports. Zacks Research lowered Persimmon from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Persimmon Stock Performance

The business’s 50-day simple moving average is $29.07 and its 200 day simple moving average is $33.44.

Persimmon Company Profile

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.