Houston Wire & Cable (HWCC) Receiving Somewhat Favorable Press Coverage, Analysis Finds

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News articles about Houston Wire & Cable (NASDAQ:HWCC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Houston Wire & Cable earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.3955834607475 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

A number of brokerages have recently issued reports on HWCC. Zacks Investment Research upgraded shares of Houston Wire & Cable from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, March 21st. ValuEngine cut shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, TheStreet upgraded shares of Houston Wire & Cable from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $8.00.

HWCC traded up $0.15 during midday trading on Friday, reaching $7.85. The company had a trading volume of 100,114 shares, compared to its average volume of 38,115. The company has a quick ratio of 2.11, a current ratio of 5.23 and a debt-to-equity ratio of 0.81. The stock has a market cap of $124.85, a price-to-earnings ratio of 52.33 and a beta of 1.41. Houston Wire & Cable has a 12-month low of $4.70 and a 12-month high of $7.90.

In other Houston Wire & Cable news, Director Roy W. Haley purchased 3,704 shares of the stock in a transaction dated Thursday, March 22nd. The shares were bought at an average price of $7.20 per share, with a total value of $26,668.80. Following the completion of the transaction, the director now directly owns 13,704 shares in the company, valued at approximately $98,668.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Roy W. Haley purchased 3,796 shares of the stock in a transaction dated Monday, March 26th. The stock was acquired at an average cost of $7.29 per share, for a total transaction of $27,672.84. Following the transaction, the director now owns 17,500 shares of the company’s stock, valued at $127,575. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

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