Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Houston Wire & Cable (HWCC) Share Price
Media headlines about Houston Wire & Cable (NASDAQ:HWCC) have trended somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Houston Wire & Cable earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.775619533515 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Houston Wire & Cable (NASDAQ:HWCC) remained flat at $5.35 on Tuesday. The company’s stock had a trading volume of 20,915 shares. The stock has a 50-day moving average price of $5.29 and a 200-day moving average price of $5.77. The firm’s market capitalization is $88.21 million. Houston Wire & Cable has a 52-week low of $4.70 and a 52-week high of $8.05.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet cut Houston Wire & Cable from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.00.
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In other news, Director William H. Sheffield purchased 10,000 shares of Houston Wire & Cable stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of $4.80 per share, for a total transaction of $48,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $96,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.
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.
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