Lennar (NYSE:LEN.B) Sets New 1-Year Low – Here’s Why

Lennar Corporation (NYSE:LEN.B)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $75.90 and last traded at $76.1470, with a volume of 5317 shares. The stock had previously closed at $79.13.

Lennar Stock Down 4.5%

The company’s 50-day moving average price is $83.50 and its 200 day moving average price is $87.38. The stock has a market capitalization of $18.21 billion, a P/E ratio of 11.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91.

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

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs, sells and arranges financing for single-family homes. Its residential offerings include entry-level, move-up, active-adult and luxury homes, as well as homes built for rental communities. Lennar also develops the land and infrastructure needed for many of its communities and offers related services to homebuyers.

The company operates through homebuilding divisions serving numerous markets across the United States. Its complementary businesses include mortgage financing, title and closing services, and insurance-related products, which support customers throughout the home-purchase process.