MI Developments Reaches New 52-Week High (MIM)

NEW YORK ( TheStreet) -- MI Developments (NYSE: MIM) hit a new 52-week high Friday as it is currently trading at $37.68, above its previous 52-week high of $37.61 with 70,557 shares traded as of 2:13 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 15.9% year to date as of the close of trading on Thursday.

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

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.

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