Shares of M/I Homes Inc. (NYSE:MHO) traded today at $71.25, eclipsing its 52-week high. So far today approximately 58,000 shares have been exchanged, as compared to an average 30-day volume of 260,000 shares.
M/I Homes Inc. (NYSE:MHO) is currently priced 12.9% above its average consensus analyst price target of $61.65.
In the past 52 weeks, shares of M/I Homes Inc. have traded between a low of $22.90 and a high of $71.25 and is now at $70.79, which is 209% above that low price.
M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. The homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.
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