Shares of HNI Corporation (NYSE:HNI) traded today at $42.39, eclipsing its 52-week high. This new high was reached on below average trading volume as 53,000 shares traded hands, while the average 30-day volume is approximately 604,000 shares.
HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its office furniture segment, which consists of products such as panel-based and freestanding furniture systems and complementary products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. The hearth segment consists of products including gas-, wood-, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, mainland China, Hong Kong, India, and Taiwan.
HNI Corporation (NYSE:HNI) defies analysts with a current price ($42.08) 4.1% above its average consensus price target of $40.35.
In the past 52 weeks, HNI Corporation share prices are bracketed by a low of $16.61 and a high of $42.39 and is now at $42.08, 153% above that low price.
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