Persimmon (OTCMKTS:PSMMY) Sees Strong Trading Volume – What’s Next?

Persimmon Plc (OTCMKTS:PSMMY) shares saw unusually-strong trading volume on Thursday . Approximately 44,970 shares changed hands during trading, an increase of 152% from the previous session’s volume of 17,823 shares.The stock last traded at $31.63 and had previously closed at $31.76.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “buy” rating on shares of Persimmon in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Persimmon Price Performance

The business has a 50-day simple moving average of $31.81 and a 200-day simple moving average of $32.83.

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.