Forestar Group (NYSE:FOR) hit a new 52-week low Monday as it is currently trading at $10.21, below its previous 52-week low of $10.29 with 73,720 shares traded as of 1:40 p.m. ET. Average volume has been 247,800 shares over the past 30 days.
NEW YORK ( TheStreet) -- Forestar Group (NYSE: FOR) hit a new 52-week low Monday as it is currently trading at $10.21, below its previous 52-week low of $10.29 with 73,720 shares traded as of 1:40 p.m. ET. Average volume has been 247,800 shares over the past 30 days. Forestar Group has a market cap of $403.9 million and is part of the financial sector and real estate industry. Shares are down 43.5% year to date as of the close of trading on Friday. Forestar Group Inc. and its subsidiaries engage in the real estate and natural resources businesses in the United States. It operates in three segments: Real Estate, Mineral Resources, and Fiber Resources. The company has a P/E ratio of 87.5, above the average real estate industry P/E ratio of 81.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Forestar Group as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Forestar Group Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
Investors in Forestar Group Inc saw new options become available this week, for the August 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 211 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.