Houston Wire & Cable (NASDAQ:HWCC) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Friday.

Several other analysts have also recently commented on HWCC. Zacks Investment Research upgraded shares of Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Houston Wire & Cable presently has an average rating of “Buy” and an average price target of $7.50.

Shares of Houston Wire & Cable (NASDAQ HWCC) opened at $7.00 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.39 and a current ratio of 5.60. Houston Wire & Cable has a 12 month low of $4.70 and a 12 month high of $8.05. The company has a market cap of $116.37, a P/E ratio of -28.00 and a beta of 1.63.

Houston Wire & Cable (NASDAQ:HWCC) last announced its quarterly earnings data on Thursday, November 9th. The industrial products company reported $0.06 EPS for the quarter. Houston Wire & Cable had a negative net margin of 1.33% and a negative return on equity of 0.86%. The business had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $77.60 million. During the same period in the previous year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. equities research analysts predict that Houston Wire & Cable will post 0.09 earnings per share for the current year.

In other news, Director Mark A. Ruelle bought 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $6.20 per share, for a total transaction of $74,400.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $74,400. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC lifted its stake in shares of Houston Wire & Cable by 0.6% in the 2nd quarter. Isthmus Partners LLC now owns 84,023 shares of the industrial products company’s stock valued at $437,000 after purchasing an additional 497 shares during the period. Northern Trust Corp lifted its stake in shares of Houston Wire & Cable by 2.4% in the 2nd quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 1,172 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Houston Wire & Cable by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 97,797 shares of the industrial products company’s stock valued at $684,000 after purchasing an additional 1,624 shares during the period. Barclays PLC lifted its stake in shares of Houston Wire & Cable by 8.3% in the 1st quarter. Barclays PLC now owns 24,142 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 1,842 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Houston Wire & Cable by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 18,872 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 1,872 shares during the period. Hedge funds and other institutional investors own 65.81% of the company’s stock.

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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.

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