Lennar (NYSE:LEN.B) Reaches New 12-Month Low – Should You Sell?

Shares of Lennar Corporation (NYSE:LEN.B) reached a new 52-week low during trading on Wednesday. The stock traded as low as $71.68 and last traded at $71.4280, with a volume of 16,939 shares trading hands. The stock had previously closed at $74.62.

Lennar Stock Performance

The firm has a 50-day moving average of $81.04 and a two-hundred day moving average of $84.32. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $17.20 billion, a PE ratio of 13.67 and a beta of 1.30.

Lennar (NYSE:LEN.B) last announced its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter. Lennar had a return on equity of 6.15% and a net margin of 4.09%. The company had revenue of $8.05 billion during the quarter.

About Lennar

Lennar Corporation is a homebuilding and real estate company headquartered in Miami, Florida. Founded in 1954, the company develops and builds single-family attached and detached homes, including offerings designed for first-time, move-up, luxury and active-adult buyers.

Lennar operates across numerous housing markets in the United States. In addition to homebuilding, its activities include land acquisition and development, multifamily apartment development, and the provision of related financial services.