Shares of M/I Homes, Inc. (MHO) have experienced strong positive price performance in recent weeks, beating the broader market. The stock has gained 41.2% year-to-date and 8% over the past month, outperforming the S&P 500’s 7.7% and 4.7% over the respective periods.
Additionally, the stock closed its last trading session at $65.19, above its 50-day moving average of $59.97 and 200-day moving average of $48.93, indicating an uptrend. On top of it, U.S. homebuilder sentiment is improving, providing a solid buying opportunity for those looking to add MHO to their portfolios. Taking a closer look at the financial metrics of this stock shows why it could be a wise pick.
