Lennar (NYSE:LEN.B) Shares Gap Down – Here’s What Happened

Lennar Corporation (NYSE:LEN.B)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $84.74, but opened at $81.86. Lennar shares last traded at $81.5350, with a volume of 928 shares trading hands.

Lennar Trading Down 1.4%

The stock has a market capitalization of $19.32 billion, a PE ratio of 12.55 and a beta of 1.32. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $86.16 and a 200-day moving average price of $93.09.

Lennar (NYSE:LEN.B) last issued its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter. The company had revenue of $7.94 billion for the quarter. Lennar had a net margin of 4.93% and a return on equity of 7.08%.

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.