Hovnanian Stock Falls On Unusually High Volume (HOV)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Hovnanian (NYSE: HOV) is trading at unusually high volume Friday with 12.9 million shares changing hands. It is currently at two times its average daily volume and trading down 31 cents (-5.3%) at $5.57 as of 3:45 p.m. ET.

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Hovnanian has a market cap of $774.3 million and is part of the industrial goods sector and materials & construction industry. Shares are down 16% year to date as of the close of trading on Thursday.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family attached and detached homes, attached townhomes and condominiums, and urban infill and active adult homes.

TheStreet Ratings rates Hovnanian as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Hovnanian Ratings Report.

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