Hovnanian Enterprises Inc. Cl A (HOV) Drops 6.65% on January 07

Equities Staff |

Hovnanian Enterprises Inc. Cl A (HOV) was one of the Russell 2000's biggest losers for Thursday January 07 as the stock slid 6.65% to $1.58, a loss of $-0.1123 per share. Starting at an opening price of $1.64 a share, the stock traded between $1.57 and $1.69 over the course of the trading day. Volume was 2.85 million shares over 5,861 trades, against an average daily volume of 2.14 million shares and a total float of 146.52 million.

The losses send Hovnanian Enterprises Inc. Cl A down to a market cap of $231.16 million. In the last year, Hovnanian Enterprises Inc. Cl A has traded between $4.20 and $1.37, and its 50-day SMA is currently $1.83 and 200-day SMA is $2.37.

Hovnanian Enterprises Inc designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments.

Hovnanian Enterprises Inc. Cl A is based out of Red Bank, NJ and has some 2,078 employees. Its CEO is Ara K. Hovnanian.

For a complete fundamental analysis analysis of Hovnanian Enterprises Inc. Cl A, check out Equities.com’s Stock Valuation Analysis report for HOV. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

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