Barratt Redrow (OTCMKTS:BTDPY) Hits New 1-Year Low - Here's Why

Key Points

• Barratt Redrow hit a new 52-week low, trading as low as $6.70 and last at $6.75 on volume of 240,118 shares (down ~4.3%), and is trading well below its 50-day ($9.53) and 200-day ($10.00) moving averages.
• Analyst sentiment has weakened with recent downgrades from Jefferies, Zacks and Peel Hunt; the consensus breakdown is 1 Strong Buy, 3 Buy, 2 Hold and 1 Sell, giving an average rating of Moderate Buy.
• The company has very low leverage (debt-to-equity 0.03) but weak short-term liquidity (current and quick ratios of 0.78), which may raise near-term funding concerns.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $6.70 and last traded at $6.75, with a volume of 240118 shares changing hands. The stock had previously closed at $7.0530.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of Barratt Redrow from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 3rd. Zacks Research downgraded Barratt Redrow from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 17th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Barratt Redrow in a report on Thursday, February 12th. Finally, Peel Hunt downgraded Barratt Redrow from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Barratt Redrow Trading Down 4.3%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50-day simple moving average of $9.53 and a 200-day simple moving average of $10.00.

About Barratt Redrow

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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