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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