HNI Corporation (HNI) Soars 2.68% on January 28

Equities Staff  |

HNI Corporation (HNI) had a good day on the market for Thursday January 28 as shares jumped 2.68% to close at $33.75. About 174,589 shares traded hands on 2,102 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.71 million. After opening the trading day at $33.29, shares of HNI Corporation stayed within a range of $33.97 to $33.02.

With today's gains, HNI Corporation now has a market cap of $1.44 billion. Shares of HNI Corporation have been trading within a range of $42.91 and $16.61 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

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 is based out of Muscatine, IA and has some 8,500 employees. Its CEO is Jeffrey D. Lorenger.

For a complete fundamental analysis of HNI Corporation, check out Equities.com’s Stock Valuation Analysis report for HNI.

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HNI Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on HNI Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: HNI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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