Lennar (NYSE:LEN.B) Reaches New 12-Month Low – What’s Next?

Lennar Corporation (NYSE:LEN.B)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $75.90 and last traded at $76.1470, with a volume of 5317 shares changing hands. The stock had previously closed at $79.13.

Lennar Stock Performance

The firm’s 50 day moving average is $83.50 and its 200 day moving average is $87.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91. The stock has a market cap of $18.21 billion, a P/E ratio of 11.84 and a beta of 1.32.

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

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs, sells and arranges financing for single-family homes. Its residential offerings include entry-level, move-up, active-adult and luxury homes, as well as homes built for rental communities. Lennar also develops the land and infrastructure needed for many of its communities and offers related services to homebuyers.

The company operates through homebuilding divisions serving numerous markets across the United States. Its complementary businesses include mortgage financing, title and closing services, and insurance-related products, which support customers throughout the home-purchase process.