M/I Homes Stock Gaps Down On Today's Open (MHO)

NEW YORK ( TheStreet) -- Shares of M/I Homes (NYSE: MHO) were gapping down Thursday morning with an open price 11.1% lower than Wednesday's closing price. The stock closed at $7.38 Wednesday and opened today's trading at $6.56.

The average volume for M/I Homes has been 125,300 shares per day over the past 30 days. M/I Homes has a market cap of $132.7 million and is part of the industrial goods sector and materials & construction industry. Shares are down 52% year to date as of the close of trading on Wednesday.

M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential properties. The company offers single-family homes, attached townhomes, and condominiums to first-time, move-up, empty-nester, and luxury buyers under the M/I Homes trade name.

TheStreet Ratings rates M/I Homes as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full M/I Homes Ratings Report.

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