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

Lennar Corporation (NYSE:LEN.B) crossed 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 Price Performance

The firm has a 50-day moving average of $87.43 and a 200-day moving average of $95.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91. The firm has a market capitalization of $21.04 billion, a P/E ratio of 13.33 and a beta of 1.32.

Lennar (NYSE:LEN.B) last posted its earnings results on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The business had revenue of $7.94 billion during 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.