Lennar (NYSE:LEN.B) Stock Passes Above 200 Day Moving Average of $45.13

Lennar Co. (NYSE:LEN.B) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.13 and traded as high as $63.27. Lennar shares last traded at $62.70, with a volume of 108,348 shares.

Separately, ValuEngine raised Lennar from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd.

The company has a fifty day simple moving average of $58.56 and a 200-day simple moving average of $45.24. The company has a quick ratio of 1.24, a current ratio of 14.21 and a debt-to-equity ratio of 0.45. The firm has a market cap of $19.66 billion, a P/E ratio of 9.48 and a beta of 1.72.

Lennar (NYSE:LEN.B) last released its quarterly earnings data on Monday, June 15th. The construction company reported $1.65 earnings per share for the quarter. The firm had revenue of $5.29 billion during the quarter. Lennar had a return on equity of 13.08% and a net margin of 9.30%.

Lennar Company Profile (NYSE:LEN.B)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Lennar Financial Services, Lennar Multifamily, and Rialto segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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