New Home Company Inc (NYSE:NWHM) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded New Home Company Inc (NYSE:NWHM) to Sell in a statement released on 11/30/2016.
On 02/29/2016, JMP Securities released a statement for New Home Company Inc (NYSE:NWHM) bumped down the target price from $15.00 to $12.00 that suggested an upside of 0.20%.
Boasting a price of $11.66, New Home Company Inc (NYSE:NWHM) traded -0.26% lower on the day. With the last stock price close up 15.23% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. New Home Company Inc has recorded a 50-day average of $10.66 and a two hundred day average of $10.12. Volume of trade was down over the average, with 65,129 shares of NWHM changing hands under the typical 65,638
With a total market value of $0, New Home Company Inc has price-earnings ratio of 12.00 with a one year low of $7.51 and a one year high of $14.79 .
More About New Home Company Inc (NYSE:NWHM)
The New Home Company Inc. is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area. The Company's segments include homebuilding and fee building. The Company's homebuilding projects take 24 to 48 months to complete from the initiation of homebuilding activity. Its lot development projects take 24 to 48 months to complete from the acquisition of land. The Company provides construction services to build homes for independent third-party property owners, some of which have been or may be marketed under The New Home Company brand name. The Company's services with respect to fee building projects may include design, development, construction and sale of the homes.
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