Shares of Houston Wire & Cable Co. (NASDAQ:HWCC) dropped 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 traded. The stock had previously closed at $5.96.

HWCC has been the subject of a number of research reports. Zacks Investment Research upgraded Houston Wire & Cable Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Robert W. Baird reiterated a “hold” rating on shares of Houston Wire & Cable Co. in a research report on Sunday, May 8th.

The company’s market capitalization is $96.00 million. The stock has a 50-day moving average of $5.57 and a 200-day moving average of $5.96.

Houston Wire & Cable Co. (NASDAQ:HWCC) last posted its earnings results on Thursday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by $0.05. The business earned $64.71 million during the quarter, compared to analysts’ expectations of $71.63 million. The company’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. Equities research analysts predict 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.

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