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

Persimmon Plc (OTCMKTS:PSMMY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $29.70 and last traded at $30.13, with a volume of 3575 shares trading hands. The stock had previously closed at $30.47.

Wall Street Analyst Weigh In

PSMMY has been the subject of several recent research reports. Citigroup raised Persimmon from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lowered Persimmon from a “hold” rating to a “strong sell” rating in a research note on Monday, December 2nd.

Persimmon Stock Down 1.1 %

The business’s 50 day moving average is $34.96 and its 200-day moving average is $38.71.

Persimmon Company Profile

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.