ValuEngine Lowers Houston Wire & Cable (HWCC) to Sell
ValuEngine lowered shares of Houston Wire & Cable (NASDAQ:HWCC) from a hold rating to a sell rating in a research report released on Thursday morning.
A number of other equities analysts also recently weighed in on HWCC. TheStreet raised shares of Houston Wire & Cable from a d+ rating to a c- rating in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Houston Wire & Cable from a strong-buy rating to a hold rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Houston Wire & Cable presently has an average rating of Hold and a consensus price target of $7.50.
Shares of Houston Wire & Cable (NASDAQ HWCC) traded up $0.15 during trading hours on Thursday, hitting $6.85. 26,738 shares of the company were exchanged, compared to its average volume of 37,997. The company has a quick ratio of 2.39, a current ratio of 5.60 and a debt-to-equity ratio of 0.82. The stock has a market cap of $113.07, a P/E ratio of -27.40 and a beta of 1.53. Houston Wire & Cable has a 52 week low of $4.70 and a 52 week high of $7.75.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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