Lennar (NYSE:LEN.B) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Lennar Corporation (NYSE:LEN.B – Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $87.74 and traded as low as $84.64. Lennar shares last traded at $84.7240, with a volume of 61,163 shares traded.

Lennar Price Performance

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 firm has a market cap of $19.41 billion, a PE ratio of 15.42 and a beta of 1.30. The firm’s fifty day simple moving average is $80.38 and its two-hundred day simple moving average is $87.53.

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

About Lennar

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Lennar Corporation is a U.S. homebuilder headquartered in Miami, Florida. Founded in 1954, the company develops residential communities and builds homes for a range of buyers, including first-time, move-up and active-adult purchasers. Its homebuilding business offers single-family homes and townhomes in markets across the United States. Lennar also develops multifamily rental properties and provides services related to home financing and real estate transactions, including mortgage and title services.

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