NEW YORK (

TheStreet

) --

Homex Development

(NYSE:

HXM

) hit a new 52-week low Wednesday as it is currently trading at $14.04, below its previous 52-week low of $14.10 with 161,580 shares traded as of 3:40 p.m. ET. Average volume has been 230,600 shares over the past 30 days.

Homex Development has a market cap of $826.5 million and is part of the

financial

sector and

real estate

industry. Shares are down 56.2% year to date as of the close of trading on Tuesday.

Desarrolladora Homex, S.A.B. de C.V. operates as a vertically integrated home development company principally engaged in the development, construction, and sale of affordable entry-level, middle-income, and tourism housing in Mexico; and affordable entry-level housing in Brazil. The company has a P/E ratio of 6.5, above the average real estate industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Homex Development as a

hold

. The company's strengths can be seen in multiple areas, such as its robust 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 poor profit margins. You can view the full

Homex Development Ratings Report

.

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