Hooker Furniture Corporation (HOFT) Breaks into New 52-Week High on November 11 Session

Market overview

consequences

Hooker Furniture Corporation is a Hooker Furniture Corp. is a designer, marketer, and importer of case, leather, and upholstered furniture for the residential, hospitality, and contract markets.

Last price
$ 33.17
Last trade

January 7th – 4:00 pm

change
$ -0.02
Percent change
-0.06%
to open
$ 33.18
Back Close
$ 33.19
High
$ 33.52
low
$ 32.64
52 week high
$ 36.50
52 weeks low
$ 12.31
Market capitalization
394.300.812
PE ratio
1.57
volume
32,951
exchange
NGS

HOFT – market data & news

trade

Hooker Furniture Corporation (HOFT) shares hit a new 52-week high yesterday, hitting a high of $ 30.78. The stock closed at $ 30.46 after opening at $ 29.89, a 2.35% move. The company now has a market cap of $ 362.17 million.

Investors and traders can learn a lot about a stock’s momentum when it hits a new 52-week high. For example, bullish investors see a company that has hit its highest price in a year as a sign of momentum and may interpret it as a buy signal. Bearish investors, on the flip side, might see a new 52-week high as the end of a strong run, with the stock potentially peaking before an impending period of decline.

For Hooker Furniture Corporation, the new 52-week high was 47,400. The stock has a float of 11.89 million shares and an average daily volume of 25,000. It has a 50-day SMA of $ n / a and a 200-day SMA of $ n / a.

For a full analysis of Hooker Furniture Corporation’s fundamental analysis, see Equities.com’s stock valuation research report for HOFT.

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Hooker Furniture Corp is a designer, marketer, and importer of case, leather, and fabric upholstered furniture for the residential, hospitality, and contract markets. The company also produces premium residential leather and custom fabric upholstered furniture domestically. The segments are Hooker Branded, Home Meridian and others. The Hooker Branded segment encompasses a wide range of design categories, home entertainment, home office, accent, dining and bedroom furniture. The Home Meridian segment includes Samuel Lawrence Furniture, Pulaski Furniture, and others. The company generates a large part of its sales in the Home Meridian segment.

Hooker Furniture Corporation is headquartered in Martinsville, VA, and has approximately 1,263 employees. Its CEO is Paul B. Toms, Jr.

Hooker Furniture Corporation is also included in the Russell 2000 Index, which is invaluable to any small-cap investor. Composed of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market capitalization (which together make up the broader Russell 3000 index), the Russell 2000 provides the most complete snapshot of the small cap market of any available index.

Additionally, the Russell 2000 is serviced by Russell Investments, a company committed to using rules-based methodology to create unbiased indices different from the committee-selected Dow Jones Industrial Average or S&P 500.

For more information on Hooker Furniture Corporation and to keep track of the latest updates from the company, you can visit the company’s profile page here: HOFT’s Profile. For more news on the financial markets and emerging growth companies, visit the Equities.com news desk. Also, don’t forget to sign up for our daily email newsletter to make sure you don’t miss any of our best stories.

All data was provided by QuoteMedia and was correct as of 4:30 p.m. ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors and do not reflect those of equities.com. Readers should not regard statements made by the author as a formal recommendation and should consult their financial advisor prior to making any investment decisions. Our full disclosure is available at: http://www.equities.com/disclaimer

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