Persimmon (LON:PSN) Stock Price Crosses Above 200-Day Moving Average of $1,464.45

Persimmon Plc (LON:PSN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,464.45 ($19.59) and traded as high as GBX 1,672.50 ($22.37). Persimmon shares last traded at GBX 1,645.50 ($22.01), with a volume of 466,817 shares trading hands.

Analyst Upgrades and Downgrades

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

Persimmon Stock Up 0.1 %

The stock has a market capitalization of £5.26 billion, a price-to-earnings ratio of 2,056.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The firm has a 50 day simple moving average of GBX 1,618.52 and a 200-day simple moving average of GBX 1,464.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.09 and a quick ratio of 1.04.

Persimmon Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 17th will be given a GBX 20 ($0.27) dividend. The ex-dividend date is Thursday, October 17th. This represents a yield of 1.3%. Persimmon’s dividend payout ratio (DPR) is presently 7,500.00%.

Insider Transactions at Persimmon

In other Persimmon news, insider Andrew Duxbury sold 5,955 shares of Persimmon stock in a transaction on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($22.24), for a total value of £99,031.65 ($132,466.09). Company insiders own 3.03% of the company’s stock.

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.