Lennar (NYSE:LEN.B) Stock Crosses Above 200-Day Moving Average of $41.35

Lennar Co. (NYSE:LEN.B)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.35 and traded as high as $48.83. Lennar shares last traded at $48.83, with a volume of 1 shares changing hands.

Separately, ValuEngine lowered shares of Lennar from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.79 and a current ratio of 14.19. The company’s 50 day moving average price is $44.58 and its 200 day moving average price is $41.35. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 8.67 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, October 17th. This represents a $0.16 annualized dividend and a yield of 0.33%.

About Lennar (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.

Read More: Initial Coin Offering (ICO)

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