NEW YORK (
) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $3.14 (-11.6%) at $24.02 as of 2 p.m. ET.
Meritage Homes has a market cap of $854.9 million and is part of the
industry. Shares are up 17.1% year to date as of the close of trading on Monday.
Meritage Homes Corporation engages in designing and building single-family attached and detached homes in the southern and western United States.
TheStreet Ratings rates Meritage Homes as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full
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