Persimmon (OTCMKTS:PSMMY) Trading Down 8.9% - Should You Sell?

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report)'s share price was down 8.9% during trading on Wednesday . The stock traded as low as $33.03 and last traded at $33.03. Approximately 4,129 shares traded hands during trading, a decline of 83% from the average daily volume of 24,137 shares. The stock had previously closed at $36.25.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "overweight" rating on shares of Persimmon in a research report on Tuesday, May 6th.

Persimmon Stock Up 1.0%

The business's 50 day moving average price is $36.09 and its two-hundred day moving average price is $32.41.

Persimmon Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 23rd will be paid a $0.9997 dividend. This is a positive change from Persimmon's previous dividend of $0.48. This represents a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, June 20th.

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.