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Desarrolladora Homex, S.A.B. de C.V. (HOMEX.MX)

Mexico - Mexico Delayed Price. Currency in MXN
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0.87+0.11 (+15.08%)
At close: 2:59PM CDT
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Previous Close0.76
Bid0.87 x 80000
Ask0.87 x 751200
Day's Range0.76 - 0.87
52 Week Range0.48 - 2.68
Avg. Volume483,171
Market Cap300.42M
PE Ratio (TTM)-0.26
Earnings DateN/A
Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters7 months ago

    Mexico-based homebuilder Homex settles U.S. accounting probe

    Mexico-based home builder Desarrolladora Homex SAB de CV (HOMEX.MX) has agreed to settle charges it reported fake sales to boost revenues in what U.S. authorities said on Friday was a $3.3 billion accounting fraud. The U.S. Securities and Exchange Commission said in a statement that it used satellite imagery to show that Homex, one of Mexico's largest homebuilders at the time, "had not even broken ground on many of the homes for which it reported revenues" over a three-year period. Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said.

  • 24/7 Wall St.7 months ago

    Satellite Imaging Used to Uncover Massive Homebuilder Fraud in Mexico

    The SEC has announced that a Mexico-based homebuilder has agreed to settle charges that it reported fake sales for over 100,000 homes to boost revenues in its financial statements during a three-year period....

  • Reuters11 months ago

    Shares of Mexico's Urbi to begin trading again on Oct. 19

    Mexican homebuilder Urbi said on Tuesday that trading in its shares, which has been suspended since 2013, would begin again on Oct. 19, after the company completed a restructuring under bankruptcy protection in February. The company, once Mexico's No. 3 homebuilder, was forced to follow its larger peers Homex and Geo and restructure its outsize debt load after sales of their cheap, single-unit homes slumped.