Macquarie Infrastructure Stock Hits New 52-Week High (MIC)

NEW YORK ( TheStreet) -- Macquarie Infrastructure Company (NYSE: MIC) hit a new 52-week high Friday as it is currently trading at $29.38, above its previous 52-week high of $29.37 with 3,381 shares traded as of 9:49 a.m. ET. Average volume has been 161,700 shares over the past 30 days.

Macquarie Infrastructure has a market cap of $1.3 billion and is part of the services sector and wholesale industry. Shares are up 4.7% year to date as of the close of trading on Thursday.

Macquarie Infrastructure Company LLC invests, owns, and operates in a diversified group of infrastructure businesses in the United States. Its businesses comprise the energy-related businesses and an aviation-related business. The company has a P/E ratio of 68.9, above the average wholesale industry P/E ratio of 67 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macquarie Infrastructure as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Macquarie Infrastructure Ratings Report.

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