Homex Development Corp. (ADR) (NYSE:HXM) shares surging to new peaks


Boston, MA, 06/28/2013 (financialstrend) – The share prices of Homex Development Corp. (ADR) (NYSE:HXM) had been traded in the price range of $3.21 and $3.58 per share on Thursday. The share price of the company had gradually advanced by 11.64 percent more than the previous day. The share price of Homex Development Corp. (ADR) (NYSE:HXM) has made a changes in the 52 week low value $3.21 per share and 52 week high value $16.06 pershare.

Homex Development Corp. (ADR) (NYSE:HXM) is a homebuilding company in Mexixo along with its subsidiaries. The main involvement of the company is the promotion, construction, development, design and sale at entry level and middle income residential housing that are affordable.

The four divisions of the company are the International Division, the Mexico Division, the Tourism Division and the Infrastructure Division. The activities performed by the Company include obtaining permits for land acquisition and licenses, constructing, designing, marketing and selling homes in the developing communities to satisfy housing needs and obtaining individual financing for its customers in Mexico.  Homex Development Corp. (ADR) (NYSE:HXM) today came to a new low value as $3.21 per share. The share price had increased by 0.37 when compared to the previous day. The company has earnings per share value as $2.17 and the price earnings ratio is about 1.63. The company is currently operating with four vice presidents in various divisions and with Chairman Mr. Eustaquio Tomas de Nicolas Guiterrez, CEO Mr. Gerardo de Nicolas Gutierrez and Carlos J. Moctezuma Velasco as Deputy Chief Financial Officer and Corporate Chief Administrative and Corporate Social Responsibility.

The market capitalization value is nearly 198.12 million and institutional investors share’s value is about 37 percent. The Homex Development Corp. (ADR) (NYSE: HXM) had a trading volume as 1.29 million and the average volume as 1.11 million per day on Thursday. The company presently holds outstanding share values as 55.81 million on Thursday.