Lennar (NYSE:LEN.B) Hits New 12-Month Low – Time to Sell?

Lennar Corporation (NYSE:LEN.B) reached a new 52-week low on Wednesday. The company traded as low as $71.68 and last traded at $71.4280, with a volume of 16,939 shares. The stock had previously closed at $74.62.

Lennar Stock Performance

The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 13.67 and a beta of 1.30. The firm has a fifty day simple moving average of $81.04 and a 200 day simple moving average of $84.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69.

Lennar (NYSE:LEN.B) last announced its earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter. Lennar had a return on equity of 6.15% and a net margin of 4.09%. The firm had revenue of $8.05 billion for the quarter.

Lennar Company Profile

Lennar Corporation is a homebuilding and real estate company headquartered in Miami, Florida. Founded in 1954, the company develops and builds single-family attached and detached homes, including offerings designed for first-time, move-up, luxury and active-adult buyers.

Lennar operates across numerous housing markets in the United States. In addition to homebuilding, its activities include land acquisition and development, multifamily apartment development, and the provision of related financial services.