Taylor Wimpey (OTCMKTS:TWODY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.68 and traded as low as $10.36. Taylor Wimpey shares last traded at $10.45, with a volume of 13,319 shares traded.

Analyst Ratings Changes

TWODY has been the topic of several research analyst reports. Zacks Research upgraded shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note 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 raised shares of Taylor Wimpey to a “strong sell” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Taylor Wimpey Stock Down 4.7%

The stock has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $11.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.44 and a current ratio of 4.99.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer that builds and sells homes in the United Kingdom and Spain. Its developments include apartments and houses for a range of buyers, from first-time purchasers to families. The company’s activities span land acquisition, planning, construction and home sales. In the UK, it operates across multiple regions and also works with housing associations and other partners on affordable housing. Taylor Wimpey was formed in 2007 through the merger of George Wimpey and Taylor Woodrow, two businesses with histories dating back to the 19th century.