Lennar (NYSE:LEN.B) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Lennar Corporation (NYSE:LEN.B) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $88.72 and traded as low as $81.20. Lennar shares last traded at $81.37, with a volume of 58,615 shares changing hands.

Lennar Stock Performance

The firm has a market capitalization of $19.92 billion, a P/E ratio of 12.94 and a beta of 1.32. The company has a 50-day moving average of $84.31 and a 200-day moving average of $88.51. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Lennar (NYSE:LEN.B) last released its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter. The firm had revenue of $7.94 billion for the quarter. Lennar had a return on equity of 7.08% and a net margin of 4.93%.

Lennar Company Profile

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.