NEW YORK (

TheStreet

) --

MI Developments

(NYSE:

MIM

) hit a new 52-week high Wednesday as it is currently trading at $37.59, above its previous 52-week high of $37.53 with 112,695 shares traded as of 12:10 p.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 16.4% year to date as of the close of trading on Tuesday.

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 revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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

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.

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