NEW YORK ( TheStreet) -- Herman Miller (Nasdaq: MLHR) hit a new 52-week high Wednesday as it traded at $27.45 compared with its previous 52-Week high of $27.44. Herman Miller is changing hands at $27.45 with 299,855 shares traded as of 12:01 p.m. ET. Average volume has been 353,500 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 3.9% year to date as of the close of trading on Tuesday.

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 38.1, above the average consumer durables industry P/E ratio of 33.2 and above the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Herman Miller as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Herman Miller Ratings Report.

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