Herman Miller Inc. (NASDAQ:MLHR) traded at a new 52-week high today of $44.81. This new high was reached on above average trading volume as 1.8 million shares traded hands, while the average 30-day volume is approximately 325,000 shares.
Based on a current price of $44.58, Herman Miller Inc. is currently 17.1% above its average consensus analyst price target of $36.96.
In the past 52 weeks, shares of Herman Miller Inc. have traded between a low of $14.39 and a high of $44.81 and is now at $44.58, which is 210% above that low price.
Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The company is predominately located in the United States with corporate offices, independent dealers, and licensees in North America, Asia Pacific, Europe, the Middle East, and Latin America. The company’s products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company’s online stores. The independent retailer division generates the majority of the firm’s overall sales.
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