NEW YORK ( TheStreet) -- MI Developments (NYSE: MIM) hit a new 52-week high Wednesday as it is currently trading at $32, above its previous 52-week high of $31.83 with 370,100 shares traded as of 9:51 a.m. ET. Average volume has been 201,400 shares over the past 30 days. MI Developments has a market cap of $1.4 billion and is part of the financial sector and real estate industry. Shares are up 8.3% 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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