Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.40 and traded as low as $19.97. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $19.97, with a volume of 6,935 shares.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.2%

The company’s fifty day simple moving average is $20.40 and its 200 day simple moving average is $18.64.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a $0.4766 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.91 annualized dividend and a dividend yield of 9.5%.

Institutional Investors Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently bought a new stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. acquired a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,275 shares of the company’s stock, valued at approximately $546,000.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

for a complete listing of all our available career opportunities, please visit khov.com/careers. hovnanian enterprises, inc., founded in 1959 by kevork s. hovnanian, is headquartered in red bank, new jersey. the company is one of the nation’s largest homebuilders with operations in arizona, california, delaware, florida, georgia, illinois, maryland, new jersey, ohio, pennsylvania, south carolina, texas, virginia, washington, d.c.