Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.30 and traded as low as $19.72. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $19.75, with a volume of 6,810 shares trading hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Up 1.9%

The stock’s fifty day simple moving average is $20.30 and its 200 day simple moving average is $18.95.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.4766 dividend. This represents a $1.91 annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Wednesday, October 1st.

Hedge Funds Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently bought a new stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPFree Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 26,275 shares of the company’s stock, valued at approximately $546,000.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

(Get Free Report)

for a complete listing of all our available career opportunities, please visit khov.com/careers. hovnanian enterprises, inc., founded in 1959 by kevork s. hovnanian, is headquartered in red bank, new jersey. the company is one of the nation’s largest homebuilders with operations in arizona, california, delaware, florida, georgia, illinois, maryland, new jersey, ohio, pennsylvania, south carolina, texas, virginia, washington, d.c.

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