Lennar (NYSE:LEN.B) Reaches New 52-Week Low – Here’s What Happened

Lennar Corporation (NYSE:LEN.B) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $78.70 and last traded at $78.8340, with a volume of 2142 shares changing hands. The stock had previously closed at $80.41.

Lennar Price Performance

The company’s 50 day simple moving average is $86.10 and its 200 day simple moving average is $92.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. The stock has a market cap of $19.96 billion, a P/E ratio of 12.96 and a beta of 1.32.

Lennar (NYSE:LEN.B) last announced its quarterly 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 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.