Homex Development Stock Falls On Unusually High Volume (HXM)

NEW YORK (TheStreet) -- Homex Development Corp (NYSE:HXM) is trading at unusually high volume Tuesday with 663,969 shares changing hands. It is currently at four times its average daily volume and trading down $1.43 (-5.3%) at $25.80 as of 12:41 p.m. ET.

Homex Development has a market cap of $1.6 billion and is part of the financial sector and real estate industry. Shares are down 19.5% year to date as of the close of trading on Monday.

Desarrolladora Homex, S.A.B. de C.V. operates as a vertically integrated home developing company principally focused on the promotion, design, development, construction, and sale of entry level and middle income housing in Mexico. The company has a P/E ratio of 9.2, below the average real estate industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Homex Development as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and poor profit margins. You can view the full Homex Development Ratings Report.

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