HNI Corp (NYSE:HNI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 21, 2016
Zacks Investment Research has downgraded HNI Corp (NYSE:HNI) to Sell in a statement released on Wednesday September 21, 2016.
Having a price of $41.01, HNI Corp (NYSE:HNI) traded -2.10% lower on the day. With the last close down -13.32% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. HNI Corp has recorded a 50-day average of $53.24 and a two hundred day average of $46.27. Volume of trade was up over the average, with 867,916 shares of HNI changing hands over the typical 224,344
With a total market value of $0, HNI Corp has price-earnings ratio of 15.96 with a one year low of $29.84 and a one year high of $56.96 .
More About HNI Corp (NYSE:HNI)
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products. Its hearth products segment manufactures and markets a range of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories, principally for the home. Its office furniture products are sold through dealers, wholesalers and office product distributors, and are also sold directly to end user customers, and federal, state and local governments. Its hearth products are sold through dealers and distributors, as well as through the Company-owned distribution and retail outlets.
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