Beazer Homes USA Inc. (BZH) Moves Lower on Volume Spike for March 15

Equities Staff  |

Beazer Homes USA Inc. (BZH) traded on unusually high volume on Mar. 15, as the stock lost 2.71% to close at $11.50. On the day, Beazer Homes USA Inc. saw 765,290 shares trade hands on 3,040 trades. Considering that the stock averages only a daily volume of 455,785 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $17.46 and $8.16 over the last 52-weeks, its 50-day SMA is now $12.04, and its 200-day SMA $12.15. Beazer Homes USA Inc. has a P/B ratio of 0.57. It also has a P/E ratio of 4.2.

Beazer Homes USA Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.

Headquartered in Atlanta, GA, Beazer Homes USA Inc. has 1,280 employees and is currently under the leadership of CEO Allan P. Merrill.

For a complete fundamental analysis analysis of Beazer Homes USA Inc., check out Equities.com’s Stock Valuation Analysis report for BZH.

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To get more information on Beazer Homes USA Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: BZH’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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