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

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) shares fell 8.9% during mid-day trading on Wednesday . The stock traded as low as $33.03 and last traded at $33.03. 4,129 shares changed hands during trading, a decline of 83% from the average session volume of 24,137 shares. The stock had previously closed at $36.25.

Analyst Ratings Changes

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

Persimmon Trading Down 7.4%

The firm's fifty day simple moving average is $36.08 and its two-hundred day simple moving average is $32.37.

Persimmon Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 23rd will be issued a $0.9997 dividend. This is an increase from Persimmon's previous dividend of $0.48. This represents a 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.