Lennar (NYSE:LEN.B) Stock Passes Above 200 Day Moving Average of $40.05

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Lennar Co. (NYSE:LEN.B) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.05 and traded as high as $42.45. Lennar shares last traded at $42.16, with a volume of 314 shares traded.

The company’s fifty day moving average price is $40.31 and its 200 day moving average price is $40.08. The company has a market capitalization of $13.66 billion, a P/E ratio of 7.85 and a beta of 1.06. The company has a quick ratio of 0.79, a current ratio of 13.93 and a debt-to-equity ratio of 0.62.

Lennar (NYSE:LEN.B) last announced its quarterly earnings data on Tuesday, June 25th. The construction company reported $1.30 earnings per share (EPS) for the quarter. The business had revenue of $5.56 billion for the quarter. Lennar had a net margin of 8.86% and a return on equity of 12.03%.

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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