NEW YORK ( TheStreet) -- Homex Development (NYSE: HXM) hit a new 52-week low Monday as it is currently trading at $12.08, below its previous 52-week low of $12.16 with 50,813 shares traded as of 10:56 a.m. ET. Average volume has been 253,400 shares over the past 30 days.

Homex Development has a market cap of $747.2 million and is part of the financial sector and real estate industry. Shares are down 61.3% 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 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 6.1, above the average real estate industry P/E ratio of 5.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Homex Development as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Homex Development Ratings Report.

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