Lennar (NYSE:LEN.B) Shares Gap Down – Should You Sell?

Lennar Corporation (NYSE:LEN.B)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $89.69, but opened at $83.78. Lennar shares last traded at $82.7290, with a volume of 1,510 shares.

Lennar Trading Down 3.1%

The stock has a market cap of $19.41 billion, a PE ratio of 15.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.69 and a current ratio of 4.94. The stock has a fifty day moving average price of $80.38 and a 200 day moving average price of $87.53.

Lennar (NYSE:LEN.B) last released its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter. The company had revenue of $8.05 billion for the quarter. Lennar had a return on equity of 6.15% and a net margin of 4.09%.

Lennar Company Profile

Lennar Corporation is a U.S. homebuilder headquartered in Miami, Florida. Founded in 1954, the company develops residential communities and builds homes for a range of buyers, including first-time, move-up and active-adult purchasers. Its homebuilding business offers single-family homes and townhomes in markets across the United States. Lennar also develops multifamily rental properties and provides services related to home financing and real estate transactions, including mortgage and title services.