LGI Homes Inc. (LGIH) Moves Lower on Volume Spike for February 28

Equities Staff  |

LGI Homes Inc. (LGIH) traded on unusually high volume on Feb. 28, as the stock lost 9.89% to close at $56.59. On the day, LGI Homes Inc. saw 1 million shares trade hands on 9,694 trades. Considering that the stock averages only a daily volume of 461,500 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 $79.55 and $27.28 over the last 52-weeks, its 50-day SMA is now $70.33, and its 200-day SMA $53.50. LGI Homes Inc. has a P/B ratio of 2.75. It also has a P/E ratio of 14.5.

LGI Homes Inc is a residential building company. It is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee.

Headquartered in The Woodlands, TX, LGI Homes Inc. has 591 employees and is currently under the leadership of CEO Eric Lipar.

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

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To get more information on LGI Homes Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: LGIH’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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