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

Lennar Corporation (NYSE:LEN.B)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $80.24 and last traded at $80.3560, with a volume of 86846 shares trading hands. The stock had previously closed at $83.27.

Lennar Stock Performance

The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 11.55 and a beta of 1.34. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $87.80 and a 200-day moving average price of $101.61.

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

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.