NEW YORK (

TheStreet

) --

MI Developments

(NYSE:

MIM

) hit a new 52-week high Thursday as it is currently trading at $35.45, above its previous 52-week high of $35.13 with 50,405 shares traded as of 10:11 a.m. ET. Average volume has been 171,200 shares over the past 30 days.

MI Developments has a market cap of $1.63 billion and is part of the

financial

sector and

real estate

industry. Shares are up 8.2% year to date as of the close of trading on Wednesday.

MI Developments Inc. engages in the acquisition, development, construction, ownership, leasing, and management of primarily industrial and commercial properties.

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TheStreet Ratings rates MI Developments as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full

MI Developments Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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