Persimmon (LON:PSN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Persimmon Plc (LON:PSN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,240.62 ($16.89) and traded as high as GBX 1,369 ($18.64). Persimmon shares last traded at GBX 1,368.39 ($18.63), with a volume of 1,184,394 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “hold” rating on shares of Persimmon in a research report on Wednesday, March 12th.

Persimmon Stock Up 0.3%

The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. The company has a market cap of £4.28 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The business has a 50-day simple moving average of GBX 1,321.66 and a 200-day simple moving average of GBX 1,240.62.

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.