Houston Wire & Cable (HWCC) Hits New 12-Month High and Low at $7.85

Houston Wire & Cable (NASDAQ:HWCC)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $7.85 and last traded at $7.70, with a volume of 53109 shares. The stock had previously closed at $7.57.

HWCC has been the topic of a number of research reports. Zacks Investment Research lowered shares of Houston Wire & Cable from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, TheStreet upgraded shares of Houston Wire & Cable from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $8.00.

How to Become a New Pot Stock Millionaire

The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.11 and a current ratio of 5.23. The stock has a market cap of $126.91, a price-to-earnings ratio of 51.33 and a beta of 1.41.

In other news, Director Roy W. Haley acquired 3,704 shares of the stock in a transaction that occurred on Thursday, March 22nd. The shares were purchased at an average cost of $7.20 per share, for a total transaction of $26,668.80. Following the transaction, the director now directly owns 13,704 shares in the company, valued at approximately $98,668.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roy W. Haley acquired 3,796 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average price of $7.29 per share, for a total transaction of $27,672.84. Following the completion of the transaction, the director now owns 17,500 shares in the company, valued at $127,575. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Houston Wire & Cable by 180.1% in the 4th quarter. Wells Fargo & Company MN now owns 15,690 shares of the industrial products company’s stock valued at $113,000 after buying an additional 10,088 shares during the last quarter. SG Capital Management LLC purchased a new position in Houston Wire & Cable in the 4th quarter valued at $167,000. Northern Trust Corp grew its position in Houston Wire & Cable by 2.4% in the 2nd quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock valued at $260,000 after buying an additional 1,172 shares during the last quarter. Deutsche Bank AG grew its position in Houston Wire & Cable by 62.3% in the 4th quarter. Deutsche Bank AG now owns 58,292 shares of the industrial products company’s stock valued at $419,000 after buying an additional 22,375 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Houston Wire & Cable by 28.1% in the 4th quarter. Renaissance Technologies LLC now owns 153,500 shares of the industrial products company’s stock valued at $1,105,000 after buying an additional 33,700 shares during the last quarter. Hedge funds and other institutional investors own 65.05% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Houston Wire & Cable (HWCC) Hits New 12-Month High and Low at $7.85” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/07/houston-wire-cable-hwcc-hits-new-12-month-high-and-low-at-7-85.html.

Houston Wire & Cable Company Profile

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.

Receive News & Ratings for Houston Wire & Cable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houston Wire & Cable and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply