NEW YORK ( TheStreet) -- HNI Corporation (NYSE: HNI) hit a new 52-week high Wednesday as it traded at $35.33 compared with its previous 52-Week high of $35.29. HNI is changing hands at $35.32 with 62,404 shares traded as of 9:56 a.m. ET. Average volume has been 156,000 shares over the past 30 days. 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.
null

If you liked this article you might like

The Pain Before the Gains: Cramer's 'Mad Money' Recap (Thursday 1/19/17)

The Pain Before the Gains: Cramer's 'Mad Money' Recap (Thursday 1/19/17)

HNI Stock Tumbles on Lower Guidance

HNI Stock Tumbles on Lower Guidance

Insider Trading Alert - ANDE, ENV And HNI Traded By Insiders

Insider Trading Alert - ANDE, ENV And HNI Traded By Insiders

Insider Trading Alert - CACC, HNI And OC Traded By Insiders

Insider Trading Alert - CACC, HNI And OC Traded By Insiders

'Fast Money' Recap: Taper Talk

'Fast Money' Recap: Taper Talk