Lennar (NYSE:LEN.B) Hits New 52-Week Low – What’s Next?

Lennar Corporation (NYSE:LEN.BGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $80.24 and last traded at $80.3560, with a volume of 86846 shares. The stock had previously closed at $83.27.

Lennar Price Performance

The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $88.20 and a 200 day moving average price of $101.76. The company has a market capitalization of $19.85 billion, a P/E ratio of 11.55 and a beta of 1.34.

Lennar (NYSE:LEN.BGet Free Report) last issued its earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter. The company had revenue of $6.62 billion during the quarter. Lennar had a return on equity of 7.80% and a net margin of 5.39%.

Lennar Company Profile

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Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar’s operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model.

In addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.

Further Reading

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