Positive Press Coverage Somewhat Likely to Affect Houston Wire & Cable Company (HWCC) Share Price

Media headlines about Houston Wire & Cable Company (NASDAQ:HWCC) have been trending positive on Saturday, AlphaOne reports. AlphaOne, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Houston Wire & Cable Company earned a news impact score of 0.31 on AlphaOne’s scale. AlphaOne also assigned news stories about the industrial products company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near term.

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

Several research analysts have commented on the stock. ValuEngine raised shares of Houston Wire & Cable Company from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Houston Wire & Cable Company from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, Raymond James Financial, Inc. raised shares of Houston Wire & Cable Company from a “market perform” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, April 19th.

Shares of Houston Wire & Cable Company (HWCC) traded down 5.56% on Friday, reaching $5.95. 11,868 shares of the company’s stock traded hands. The stock’s market cap is $98.16 million. Houston Wire & Cable Company has a 52-week low of $5.10 and a 52-week high of $8.05. The firm’s 50-day moving average is $6.44 and its 200-day moving average is $6.66.

Houston Wire & Cable Company (NASDAQ:HWCC) last posted its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $78.71 million during the quarter, compared to the consensus estimate of $70.14 million. Houston Wire & Cable Company had a negative return on equity of 4.09% and a negative net margin of 2.28%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Analysts anticipate that Houston Wire & Cable Company will post $0.10 EPS for the current fiscal year.

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About Houston Wire & Cable Company

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.

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