Lennar (NYSE:LEN.B) Shares Down 3.6% – Should You Sell?

Shares of Lennar Corporation (NYSE:LEN.B) were down 3.6% on Tuesday . The company traded as low as $83.31 and last traded at $83.0750. Approximately 6,618 shares traded hands during trading, a decline of 91% from the average daily volume of 69,790 shares. The stock had previously closed at $86.20.

Lennar Trading Down 1.2%

The firm’s 50 day simple moving average is $99.69 and its 200-day simple moving average is $108.33. The company has a market capitalization of $20.53 billion, a PE ratio of 11.95 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN.B) last issued its earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter. The business had revenue of $6.62 billion for the quarter. Lennar had a net margin of 5.39% and a return on equity of 7.80%.

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.