Meritage Homes Reaches New 52-Week High (MTH)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Wednesday as it is currently trading at $27.55, above its previous 52-week high of $27.46 with 506,306 shares traded as of 1:10 p.m. ET. Average volume has been 430,300 shares over the past 30 days.
Meritage Homes has a market cap of $830.9 million and is part of the
sector and
industry. Shares are up 13.7% year to date as of the close of trading on Tuesday.
Meritage Homes Corporation engages in designing and building single-family attached and detached homes in the southern and western United States.
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TheStreet Ratings rates Meritage Homes as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full
.
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