Today’s Stock On Watch: Houston Wire & Cable Company Just Recorded A Sigfniciant Increase

Today's Stock On Watch: Houston Wire & Cable Company Just Recorded A Sigfniciant Increase

The stock of Houston Wire & Cable Company (NASDAQ:HWCC) is a huge mover today! The stock increased 11.11% or $0.6 on November 23, hitting $6. About 61,370 shares traded hands or 37.32% up from the average. Houston Wire & Cable Company (NASDAQ:HWCC) has declined 21.16% since April 22, 2016 and is downtrending. It has underperformed by 26.57% the S&P500.
The move comes after 8 months positive chart setup for the $101.09 million company. It was reported on Nov, 24 by We have $6.42 PT which if reached, will make NASDAQ:HWCC worth $7.08 million more.

Analysts await Houston Wire & Cable Company (NASDAQ:HWCC) to report earnings on March, 9.

According to Zacks Investment Research, “With more than three decades of experience in the electrical industry, HOUSTON WIRE & CABLE COMPANY is one of the largest distributors of specialty wire and cable and related services in the U.S. electrical distribution market. Headquartered in Houston, HWCC has sales and distribution facilities in Atlanta, Baton Rouge, Charlotte, Chicago, Denver, Houston, Los Angeles, Philadelphia, San Francisco, Seattle and Tampa. Standard stock items available for immediate delivery include continuous and interlocked armor, instrumentation, medium voltage, high temperature, portable cord, power cables and private branded products, including LifeGuard, a low-smoke, zero-halogen cable. HWCC’s comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized internet-based ordering capabilities and round-the-clock, throughout-the-year service.”

Insitutional Activity: The institutional sentiment decreased to 0.7 in 2016 Q2. Its down 0.13, from 0.83 in 2016Q1. The ratio dived, as 6 funds sold all Houston Wire & Cable Company shares owned while 23 reduced positions. 7 funds bought stakes while 17 increased positions. They now own 11.27 million shares or 3.80% less from 11.72 million shares in 2016Q1.
Thomson Horstmann Bryant accumulated 0.72% or 1.06 million shares. Fmr Ltd Liability Co holds 0% of its portfolio in Houston Wire & Cable Company (NASDAQ:HWCC) for 1.43M shares. Walthausen & Ltd holds 0.33% or 602,004 shares in its portfolio. Moreover, Financial Bank Of America De has 0% invested in Houston Wire & Cable Company (NASDAQ:HWCC) for 7,705 shares. Renaissance Techs Ltd Liability Co holds 0% or 68,000 shares in its portfolio. Dimensional Fund Advsr Lp, a Texas-based fund reported 957,927 shares. Boston Partners holds 0% of its portfolio in Houston Wire & Cable Company (NASDAQ:HWCC) for 220,046 shares. Tower Capital Lc (Trc) has 0% invested in the company for 8,863 shares. Royal Bancorporation Of Canada, a Ontario – Canada-based fund reported 1,085 shares. Acadian Asset Ltd Llc last reported 86,318 shares in the company. Blackrock Inv Ltd Limited Liability Company holds 2,924 shares or 0% of its portfolio. Bridgeway Capital Mgmt holds 0.01% or 166,239 shares in its portfolio. Geode Mgmt Ltd Llc holds 95,653 shares or 0% of its portfolio. Vanguard Grp accumulated 0% or 797,207 shares. Citigroup has 0% invested in the company for 36,825 shares.

More important recent Houston Wire & Cable Company (NASDAQ:HWCC) news were published by: which released: “Houston Wire & Cable (HWCC) Acquires Vertex from DXP Enterprises (DXPE)” on October 03, 2016, also published article titled: “Form 8-K Houston Wire & Cable CO For: Nov 08”, published: “Houston Wire & Cable (HWCC) Downgraded From Buy to Hold” on January 27, 2015. More interesting news about Houston Wire & Cable Company (NASDAQ:HWCC) was released by: and their article: “Houston Wire And Cable Will Survive, Eventually Thrive” with publication date: February 22, 2016.

HWCC Company Profile

Houston Wire & Cable Company, incorporated on March 20, 1997, is a holding company. The Firm is engaged in provision of electrical and mechanical wire and cable, hardware and related services. The Firm operates through sales of wire and cable, hardware and related services segment in the United States market. The Company’s cable management program includes purchasing and storing inventory for product availability. It provides cable management services and value-added services. The Firm offers products in categories of wire and cable, including continuous and interlocked armor cable; control and power cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; lead and high temperature cable; medium voltage cable; premise and category wire and cable; primary and secondary aluminum distribution cable, and synthetic fiber rope slings, chain, shackles, and other related hardware.

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