Lennar (NYSE:LEN.B) Stock Price Down 4.5% – Time to Sell?

Lennar Corporation (NYSE:LEN.B)’s stock price traded down 4.5% during trading on Friday . The company traded as low as $75.34 and last traded at $74.7830. Approximately 15,576 shares were traded during mid-day trading, a decline of 79% from the average session volume of 74,468 shares. The stock had previously closed at $78.33.

Lennar Price Performance

The firm’s 50 day simple moving average is $82.69 and its two-hundred day simple moving average is $86.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. The firm has a market capitalization of $18.12 billion, a P/E ratio of 14.22 and a beta of 1.32.

Lennar (NYSE:LEN.B) 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 for the quarter. Lennar had a return on equity of 6.13% and a net margin of 4.09%.

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.