Lennar (NYSE:LEN.B) Share Price Breaks Above 200-Day Moving Average – Here’s Why

Lennar Corporation (NYSE:LEN.B)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $88.35 and traded as high as $90.27. Lennar shares last traded at $89.9870, with a volume of 121,843 shares traded.

Lennar Price Performance

The stock’s 50 day moving average price is $80.06 and its 200-day moving average price is $88.13. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $21.53 billion, a PE ratio of 15.62 and a beta of 1.30.

Lennar (NYSE:LEN.B) last posted its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter. Lennar had a net margin of 4.09% and a return on equity of 6.15%. The company had revenue of $8.05 billion for the quarter.

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs and sells single-family homes and multifamily properties across many of the largest housing markets in the United States. Its residential offerings include homes for first-time, move-up and active-adult buyers, with communities marketed under the Lennar brand and a range of floor plans, locations and features.

The company also operates businesses that support the homebuying process, including mortgage financing, title and closing services, and insurance-related services.