Hovnanian Enterprises Inc. Class A (HOV) Soars 2.76% on March 01

Equities Staff  |

Hovnanian Enterprises Inc. Class A (HOV) had a good day on the market for Monday March 01 as shares jumped 2.76% to close at $59.11. About 75,676 shares traded hands on 1,612 trades for the day, compared with an average daily volume of n/a shares out of a total float of 6.15 million. After opening the trading day at $59.33, shares of Hovnanian Enterprises Inc. Class A stayed within a range of $60.99 to $58.04.

With today's gains, Hovnanian Enterprises Inc. Class A now has a market cap of $363.63 million. Shares of Hovnanian Enterprises Inc. Class A have been trading within a range of $61.19 and $5.12 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Hovnanian Enterprises Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in Texas, Arizona, California, Virginia, Florida, Illinois, Ohio, and Pennsylvania. Hovnanian Enterprises builds homes and communities that target first-time, move-up, and luxury homebuyers. Historically, home sales around Texas, especially Houston, Arizona, and California have been the leading sources of revenue. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.

Hovnanian Enterprises Inc. Class A is based out of Matawan, NJ and has some 1,697 employees. Its CEO is Ara K. Hovnanian.

For a complete fundamental analysis of Hovnanian Enterprises Inc. Class A, check out Equities.com’s Stock Valuation Analysis report for HOV.

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Hovnanian Enterprises Inc. Class A is also a component of the Russell 2000. 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.

To get more information on Hovnanian Enterprises Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: HOV’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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