Lennar (NYSE:LEN.B) Shares Gap Down – Here’s What Happened

Lennar Corporation (NYSE:LEN.B)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $89.69, but opened at $83.78. Lennar shares last traded at $82.7290, with a volume of 1,510 shares traded.

Lennar Trading Down 2.8%

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 firm’s 50 day simple moving average is $80.34 and its two-hundred day simple moving average is $87.74. The stock has a market cap of $19.60 billion, a P/E ratio of 15.57 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 earnings per share (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.

About Lennar

Lennar Corporation is a U.S. homebuilder headquartered in Miami, Florida. Founded in 1954, the company develops residential communities and builds homes for a range of buyers, including first-time, move-up and active-adult purchasers. Its homebuilding business offers single-family homes and townhomes in markets across the United States. Lennar also develops multifamily rental properties and provides services related to home financing and real estate transactions, including mortgage and title services.