Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Stock Crosses Below Fifty Day Moving Average of $17.81

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP – Get Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $17.81 and traded as low as $16.90. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $17.30, with a volume of 6,782 shares trading hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Price Performance

The firm has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $18.35.

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

The business also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Stockholders of record on Saturday, April 1st were issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 11.02%. The ex-dividend date was Thursday, March 30th.

Insider Buying and Selling

In other news, Director Edward A. Kangas sold 10,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $66.62, for a total value of $666,200.00. Following the sale, the director now directly owns 36,257 shares in the company, valued at $2,415,441.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.