NEW YORK ( TheStreet) -- Homex Development Corp (NYSE: HXM) hit a new 52-week low Wednesday as it is currently trading at $22.06, below its previous 52-week high of $35.89 with 5,221 shares traded as of 9:40 a.m. ET. Average volume has been 199,900 shares over the past 30 days.

Homex Development has a market cap of $1.2 billion and is part of the financial sector and real estate industry. Shares are down 33.7% 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 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 9.6, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your HXM trading strategies and win cash in our stock game.

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 poor profit margins. You can view the full Homex Development Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

3 Stocks Under $10 in Breakout Territory

3 Stocks Under $10 in Breakout Territory

Citigroup Ups Reserves on Mexican Homebuilder Woes

Citigroup Ups Reserves on Mexican Homebuilder Woes

5 Stocks Underperforming Today In The Real Estate Industry

5 Stocks Underperforming Today In The Real Estate Industry

4 Stocks Pushing The Real Estate Industry Higher

4 Stocks Pushing The Real Estate Industry Higher

Homex Development Stock Falls On Unusually High Volume (HXM)

Homex Development Stock Falls On Unusually High Volume (HXM)