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

Lennar Corporation (NYSE:LEN.B)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $95.95 and traded as low as $85.01. Lennar shares last traded at $85.17, with a volume of 55,597 shares traded.

Lennar Stock Performance

The company has a market cap of $22.59 billion, a price-to-earnings ratio of 14.31 and a beta of 1.32. The stock’s fifty day simple moving average is $87.50 and its two-hundred day simple moving average is $95.75. 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 quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter. The business had revenue of $7.94 billion during the quarter. Lennar had a return on equity of 7.08% and a net margin of 4.93%.

About Lennar

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.