Lennar (NYSE:LEN.B) Sets New 52-Week Low – Should You Sell?

Lennar Corporation (NYSE:LEN.B)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $91.16 and last traded at $91.19, with a volume of 17326 shares changing hands. The stock had previously closed at $95.09.

Lennar Stock Down 3.9%

The company’s fifty day simple moving average is $104.98 and its 200 day simple moving average is $113.48. The company has a current ratio of 4.89, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $22.58 billion, a P/E ratio of 11.44 and a beta of 1.36.

Lennar (NYSE:LEN.B) last announced its earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter. Lennar had a net margin of 6.08% and a return on equity of 9.27%. The firm had revenue of $9.37 billion for the quarter.

Lennar Company Profile

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.