NEW YORK ( TheStreet) -- Herman Miller (Nasdaq: MLHR) hit a new 52-week high Wednesday as it is currently trading at $28.18, above its previous 52-week high of $28.14 with 244,563 shares traded as of 10:47 a.m. ET. Average volume has been 335,100 shares over the past 30 days.

Herman Miller has a market cap of $1.6 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 9.3% 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 25.3, below the average consumer durables industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7.
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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, solid stock price performance, compelling growth in net income, good cash flow from operations and notable return on equity. 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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