Lennar (NYSE:LEN.B) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Lennar Corporation (NYSE:LEN.B) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $114.24 and traded as low as $102.97. Lennar shares last traded at $103.93, with a volume of 77,808 shares changing hands.

Lennar Trading Down 1.0%

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. The business’s 50 day moving average is $105.01 and its 200 day moving average is $113.97. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 12.56 and a beta of 1.36.

Lennar (NYSE:LEN.B) last posted its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter. The company had revenue of $9.37 billion for the quarter. Lennar had a return on equity of 9.27% and a net margin of 6.08%.

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.