Persimmon (LON:PSN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Posted by Stephan Jacobs on Oct 26th, 2024

Persimmon Plc (LON:PSN – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,501.91 ($19.50) and traded as high as GBX 1,606.32 ($20.86). Persimmon shares last traded at GBX 1,581.50 ($20.53), with a volume of 563,052 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Persimmon in a report on Friday, July 5th.

Get Our Latest Report on PSN

Persimmon Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 4.09 and a quick ratio of 1.04. The firm has a market cap of £5.07 billion, a PE ratio of 1,978.75, a P/E/G ratio of 0.83 and a beta of 1.37. The business has a fifty day moving average price of GBX 1,644.49 and a two-hundred day moving average price of GBX 1,501.91.

Persimmon Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 17th will be issued a GBX 20 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 1.3%. Persimmon’s dividend payout ratio is currently 7,500.00%.

Insider Buying and Selling at Persimmon

In other news, insider Andrew Duxbury sold 5,955 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($21.59), for a total transaction of £99,031.65 ($128,579.14). Corporate insiders own 3.01% of the company’s stock.

Persimmon Company Profile

(Get Free Report)

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.