M/I Homes Inc. (NYSE:MHO) traded at a new 52-week high today of $71.48. This new high was reached on below average trading volume as 125,000 shares traded hands, while the average 30-day volume is approximately 260,000 shares.
In the past 52 weeks, M/I Homes Inc. share prices are bracketed by a low of $22.90 and a high of $71.48 and is now at $71.08, 210% above that low price.
M/I Homes Inc. (NYSE:MHO) is currently priced 13.3% above its average consensus analyst price target of $61.65.
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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