NEW YORK (
Homex Development Corp
) is trading at unusually high volume Tuesday with 1.1 million shares changing hands. It is currently at 5.1 times its average daily volume and trading up 62 cents (+2.7%) at $23.97 as of 3:57 p.m. ET.
Homex Development has a market cap of $1.3 billion and is part of the
industry. Shares are down 30.9% year to date as of the close of trading on Friday.
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 10, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Homex Development as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full
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