Persimmon (LON:PSN) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Persimmon Plc (LON:PSN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,243.83 ($16.55) and traded as high as GBX 1,360.50 ($18.11). Persimmon shares last traded at GBX 1,360.50 ($18.11), with a volume of 941,102 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 Down 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 firm has a market cap of £4.36 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The firm has a 50-day moving average price of GBX 1,226.98 and a two-hundred day moving average price of GBX 1,242.17.

Persimmon (LON:PSN - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported GBX 92.10 ($1.23) earnings per share for the quarter. Persimmon had a return on equity of 7.51% and a net margin of 8.84%. On average, sell-side analysts forecast that Persimmon Plc will post 98.2810615 earnings per share for the current year.

Persimmon Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be given a dividend of GBX 40 ($0.53) per share. This represents a dividend yield of 3.34%. The ex-dividend date is Thursday, June 19th. This is a positive change from Persimmon's previous dividend of $20.00. Persimmon's dividend payout ratio (DPR) is 75.12%.

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.

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