Houston Wire & Cable (HWCC) Receives Media Sentiment Rating of 0.14
News headlines about Houston Wire & Cable (NASDAQ:HWCC) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Houston Wire & Cable earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.6169494219804 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several analysts recently weighed in on HWCC shares. Zacks Investment Research upgraded shares of Houston Wire & Cable from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine upgraded shares of Houston Wire & Cable from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, TheStreet cut shares of 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 issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.50.
Shares of Houston Wire & Cable (HWCC) remained flat at $5.35 during trading on Wednesday. 18,535 shares of the company were exchanged. The firm’s market cap is $88.21 million. The stock’s 50-day moving average is $5.48 and its 200-day moving average is $6.11. Houston Wire & Cable has a one year low of $4.75 and a one year high of $8.05.
In other Houston Wire & Cable news, Director Roy W. Haley acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $4.87 per share, with a total value of $48,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $48,700. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by corporate insiders.
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.
Receive News & Stock Ratings for Houston Wire & Cable Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houston Wire & Cable Company and related stocks with our FREE daily email newsletter.