Houston Wire & Cable (HWCC) Receives News Impact Rating of 0.11

News articles about Houston Wire & Cable (NASDAQ:HWCC) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Houston Wire & Cable earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.5530855290124 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Houston Wire & Cable (NASDAQ HWCC) opened at $7.25 on Friday. The firm has a market capitalization of $119.67, a price-to-earnings ratio of -29.00 and a beta of 1.63. Houston Wire & Cable has a twelve month low of $4.70 and a twelve month high of $8.05. The company has a quick ratio of 2.39, a current ratio of 5.60 and a debt-to-equity ratio of 0.82.

Houston Wire & Cable (NASDAQ:HWCC) last issued its earnings results on Thursday, November 9th. The industrial products company reported $0.06 earnings per share for the quarter. The firm had revenue of $81.20 million for the quarter, compared to the consensus estimate of $77.60 million. Houston Wire & Cable had a negative return on equity of 0.86% and a negative net margin of 1.33%. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. equities research analysts expect that Houston Wire & Cable will post 0.09 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Houston Wire & Cable from a “strong-buy” rating to a “hold” rating in a report on Wednesday. TheStreet raised Houston Wire & Cable from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. Finally, ValuEngine raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $7.50.

In other Houston Wire & Cable news, Director Mark A. Ruelle bought 12,000 shares of Houston Wire & Cable stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $6.20 per share, with a total value of $74,400.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at approximately $74,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

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