Lennar (NYSE:LEN.B) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Lennar Corporation (NYSE:LEN.B) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $115.02 and traded as low as $104.90. Lennar shares last traded at $105.53, with a volume of 58,082 shares traded.

Lennar Stock Down 1.5%

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’s fifty day moving average price is $108.56 and its 200-day moving average price is $115.02. The company has a market cap of $26.91 billion, a price-to-earnings ratio of 13.21 and a beta of 1.34.

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

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.