NEW YORK ( TheStreet) -- Herman Miller (Nasdaq: MLHR) hit a new 52-week high Monday as it traded at $26.90 compared with its previous 52-Week high of $26.87. Herman Miller is changing hands at $26.90 with 110,356 shares traded as of 10:52 a.m. ET. Average volume has been 343,500 shares over the past 30 days. Herman Miller has a market cap of $1.5 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 4.7% year to date as of the close of trading on Friday.

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, products, and related services worldwide. The company has a P/E ratio of 43.4, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Herman Miller as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Herman Miller Ratings Report.
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