New Lifetime High Reached: Macquarie Infrastructure (MIC)

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Trade-Ideas LLC identified Macquarie Infrastructure ( MIC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Macquarie Infrastructure as such a stock due to the following factors:

  • MIC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $82.7 million.
  • MIC has traded 14,355 shares today.
  • MIC is trading at a new lifetime high.

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More details on MIC:

Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. The stock currently has a dividend yield of 5%. MIC has a PE ratio of 6. Currently there are 5 analysts that rate Macquarie Infrastructure a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Macquarie Infrastructure has been 517,300 shares per day over the past 30 days. Macquarie Infrastructure has a market cap of $6.9 billion and is part of the services sector and transportation industry. The stock has a beta of 0.57 and a short float of 3.2% with 2.44 days to cover. Shares are up 22% year-to-date as of the close of trading on Wednesday.

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