Houston Wire & Cable Co. (HWCC) Trading Down 2.7%
Shares of Houston Wire & Cable Co. (NASDAQ:HWCC) were down 2.7% during trading on Friday . The company traded as low as $5.79 and last traded at $5.80, with a volume of 54,797 shares changing hands. The stock had previously closed at $5.96.
A number of research firms have recently issued reports on HWCC. Zacks Investment Research raised shares of Houston Wire & Cable Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Robert W. Baird reissued a “hold” rating on shares of Houston Wire & Cable Co. in a research report on Sunday, May 8th.
The stock has a 50-day moving average price of $5.57 and a 200-day moving average price of $5.96. The company’s market cap is $96.00 million.
Houston Wire & Cable Co. (NASDAQ:HWCC) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.05. During the same period in the prior year, the company earned $0.13 earnings per share. The firm had revenue of $64.71 million for the quarter, compared to the consensus estimate of $71.63 million. The business’s revenue was down 20.7% compared to the same quarter last year. Equities analysts forecast that Houston Wire & Cable Co. will post $0.04 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.