Lennar (NYSE:LEN.B) Sets New 1-Year Low - Here's What Happened

Key Points

• Shares of Lennar reached a new 52-week low on Monday, trading as low as $80.49 and last around $84.06 on volume of about 73,803 shares, down roughly 0.3% from the prior close.
• The stock is trading well below its key technical levels, with a 50-day simple moving average of $98.83 and a 200-day SMA of $107.58, signaling sustained short- and medium-term weakness.
• Fundamentals show Lennar reported quarterly EPS of $0.88 and revenue of $6.62 billion (quarter announced March 12), and the company has a market cap of $20.76B, a P/E of 12.08, and a debt-to-equity ratio of 0.18.

Shares of Lennar Corporation (NYSE:LEN.B - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $80.49 and last traded at $84.0560, with a volume of 73803 shares trading hands. The stock had previously closed at $84.32.

Lennar Trading Down 0.3%

The stock has a fifty day simple moving average of $98.83 and a 200 day simple moving average of $107.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. The firm has a market cap of $20.76 billion, a P/E ratio of 12.08 and a beta of 1.38.

Lennar (NYSE:LEN.B - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter. Lennar had a return on equity of 7.80% and a net margin of 5.39%.The firm had revenue of $6.62 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.

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