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HNI Rises On Unusually High Volume (HNI)

NEW YORK ( TheStreet) -- HNI Corporation (NYSE: HNI) is trading at unusually high volume Wednesday with 754,818 shares changing hands. It is currently at 4.8 times its average daily volume and trading up 70 cents (+2.1%) at $33.76 as of 1:21 p.m. ET. HNI has a market cap of $1.4 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 6% year to date as of the close of trading on Tuesday.

HNI Corporation and its subsidiaries design, manufacture, and market office furniture and hearth products primarily in the United States. The company has a P/E ratio of 532.7, above the average consumer durables industry P/E ratio of 456.6 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates HNI as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and deteriorating net income. You can view the full HNI Ratings Report.

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