NEW YORK ( TheStreet) -- HNI Corporation (NYSE: HNI) hit a new 52-week low Wednesday as it is currently trading at $20.25, below its previous 52-week low of $20.30 with 133,645 shares traded as of 3:11 p.m. ET. Average volume has been 235,300 shares over the past 30 days.

HNI has a market cap of $929.5 million and is part of the consumer goods sector and consumer durables industry. Shares are down 34.9% 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 30.1, below the average consumer durables industry P/E ratio of 30.6 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, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full HNI Ratings Report.

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