Taylor Wimpey (OTCMKTS:TWODY) Shares Down 4.8% – Here’s What Happened

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares traded down 4.8% on Wednesday. The company traded as low as $10.68 and last traded at $10.68. 29,357 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 44,725 shares. The stock had previously closed at $11.22.

Wall Street Analysts Forecast Growth

TWODY has been the subject of a number of recent analyst reports. Zacks Research upgraded Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. The Goldman Sachs Group upgraded shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 20th. Finally, UBS Group upgraded shares of Taylor Wimpey to a “strong sell” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Taylor Wimpey currently has an average rating of “Hold”.

Taylor Wimpey Stock Up 2.0%

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.99 and a quick ratio of 0.44. The business has a 50-day moving average of $10.76 and a 200-day moving average of $11.72.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer and housebuilder headquartered in the United Kingdom. The company acquires land, secures planning approvals and designs, constructs and sells homes for private buyers, while also working with housing associations and other organizations to deliver affordable housing.

The company operates primarily in the United Kingdom, where it builds a range of properties from apartments and starter homes to larger family houses. Its activities also include land development, infrastructure work and the management of large-scale residential communities.