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MDC Holdings (NYSE:MDC) has been downgraded from Market Perform to Underperform in a report by Wells Fargo today.

Wells Fargo has downgraded MDC Holdings (NYSE:MDC) from Market Perform to Underperform in a report released on 5/16/2017.

Only yesterday MDC Holdings (NYSE:MDC) traded 1.54% higher at $35.63. MDC Holdings’s 50-day average is $30.90 and its two hundred day average is $27.65. With the last close up 28.85% relative to the two hundred day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. Volume of trade was up over the average, with 888,842 shares of MDC changing hands over the typical 518,622

Performance Chart

MDC Holdings (NYSE:MDC)

MDC Holdings has PE ratio of 15.92 with a 52 week low of $20.51 and a 52 week high of $35.99 and has a market cap of $0.

Brief Synopsis On MDC Holdings (NYSE:MDC)

M.D.C. Holdings, Inc. is engaged in two primary operations, including homebuilding and financial services. The Company's segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc., StarAmerican Insurance Ltd., American Home Insurance Agency, Inc. and American Home Title and Escrow Company. The homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots necessary for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. It also includes land acquisition and development, home construction, and sales and marketing.

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