Persimmon (OTCMKTS:PSMMY) Sets New 52-Week Low – Should You Sell?

Persimmon Plc (OTCMKTS:PSMMY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $30.20 and last traded at $30.34, with a volume of 12116 shares changing hands. The stock had previously closed at $31.36.

Analyst Ratings Changes

A number of analysts have issued reports on PSMMY shares. Royal Bank of Canada downgraded shares of Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd. Citigroup upgraded shares of Persimmon from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd.

Persimmon Stock Performance

The firm’s 50 day simple moving average is $35.44 and its 200 day simple moving average is $38.82.

Persimmon Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, November 25th. Investors of record on Friday, October 18th were issued a dividend of $0.4829 per share. The ex-dividend date of this dividend was Friday, October 18th.

About Persimmon

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.