NEW YORK (

TheStreet

) --

HNI Corporation

(NYSE:

HNI

) hit a new 52-week low Tuesday as it is currently trading at $21.92, below its previous 52-week low of $21.94 with 109,127 shares traded as of 10:47 a.m. ET. Average volume has been 238,800 shares over the past 30 days.

HNI has a market cap of $1 billion and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 28.2% year to date as of the close of trading on Monday.

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 32.9, below the average consumer durables industry P/E ratio of 33.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates HNI as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full

HNI Ratings Report

.

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