Meritage Homes Stock Hits New 52-Week Low (MTH)

NEW YORK ( TheStreet) -- Meritage Homes Corporation (NYSE: MTH) hit a new 52-week low Monday as it is currently trading at $14.48, below its previous 52-week low of $14.50 with 252,520 shares traded as of 2:30 p.m. ET. Average volume has been 410,100 shares over the past 30 days.

Meritage Homes has a market cap of $513 million and is part of the industrial goods sector and materials & construction industry. Shares are down 31.8% year to date as of the close of trading on Friday.

Meritage Homes Corporation engages in designing and building single-family attached and detached homes in the southern and western United States.
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TheStreet Ratings rates Meritage Homes as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Meritage Homes Ratings Report.

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