Lennar (NYSE:LEN.B) Sets New 1-Year Low – Should You Sell?

Lennar Corporation (NYSE:LEN.B) hit a new 52-week low on Monday . The stock traded as low as $80.49 and last traded at $84.0560, with a volume of 73803 shares changing hands. The stock had previously closed at $84.32.

Lennar Price Performance

The company’s fifty day moving average is $98.11 and its two-hundred day moving average is $107.03. The firm has a market capitalization of $20.61 billion, a price-to-earnings ratio of 11.99 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN.B) last announced its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion for the quarter.

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.