Homex Development Rises On Unusually High Volume (HXM)
Homex Development Corp (NYSE:HXM) 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%).
NEW YORK ( TheStreet) -- Homex Development Corp (NYSE: HXM) 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 financial sector and real estate 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 hold. 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 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. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.