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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

null

More from Markets

Dow Ends Off 125 Points as Caterpillar, 3M Earnings Disappoint

Dow Ends Off 125 Points as Caterpillar, 3M Earnings Disappoint

Multiple Tailwinds Take Shape That Could Drive BP Gains

Multiple Tailwinds Take Shape That Could Drive BP Gains

Tesla Critic Citron Research Changes Its Mind, Goes Long on the EV Maker

Tesla Critic Citron Research Changes Its Mind, Goes Long on the EV Maker

Verizon Beats Q3 Earnings Estimate, Postpaid Phone Additions Top Forecasts

Verizon Beats Q3 Earnings Estimate, Postpaid Phone Additions Top Forecasts

Philip Morris Rolls Out New Smokeless Cigs to Fire Up Sales

Philip Morris Rolls Out New Smokeless Cigs to Fire Up Sales