Barratt Redrow (OTCMKTS:BTDPY) Reaches New 52-Week Low - Here's What Happened

Key Points

• 52-week low: Barratt Redrow (BTDPY) shares hit a new 52-week low of $7.96 (last $7.98) on Monday with about 36,038 shares traded, down from a prior close of $8.36.
• Analyst consensus is mixed but tilted positive — MarketBeat shows an average rating of Moderate Buy (1 Strong Buy, 3 Buy, 2 Hold, 1 Sell) amid several recent downgrades.
• Technical and balance-sheet signals show pressure: the stock trades well below its 50-day ($10.34) and 200-day ($10.24) moving averages, while leverage is low (debt/equity 0.03) but liquidity is modest (quick and current ratios 0.78).

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.96 and last traded at $7.98, with a volume of 36038 shares traded. The stock had previously closed at $8.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BTDPY shares. Peel Hunt cut shares of Barratt Redrow from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 16th. Zacks Research cut shares of Barratt Redrow from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Royal Bank Of Canada restated a "sector perform" rating on shares of Barratt Redrow in a research note on Thursday, February 12th. The Goldman Sachs Group assumed coverage on Barratt Redrow in a research report on Monday, November 24th. They set a "buy" rating on the stock. Finally, Jefferies Financial Group cut Barratt Redrow from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Barratt Redrow Price Performance

The stock has a 50-day moving average price of $10.34 and a 200 day moving average price of $10.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78.

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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