Lennar (NYSE:LEN.B) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Lennar Corporation (NYSE:LEN.B)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $89.74 and traded as low as $86.15. Lennar shares last traded at $86.5270, with a volume of 60,759 shares trading hands.

Lennar Price Performance

The company has a 50 day moving average of $84.73 and a 200 day moving average of $89.59. 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 capitalization of $20.70 billion, a price-to-earnings ratio of 13.45 and a beta of 1.32.

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

About Lennar

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.