What Will Happen to Houston Wire & Cable Company (HWCC) Next? The Stock Just Reaches 52-Week High

March 18, 2018 - By Migdalia James

Investors sentiment decreased to 0.67 in 2017 Q3. Its down 0.14, from 0.81 in 2017Q2. It fall, as 5 investors sold Houston Wire & Cable Company shares while 16 reduced holdings. 3 funds opened positions while 11 raised stakes. 10.25 million shares or 4.21% less from 10.70 million shares in 2017Q2 were reported.
Manufacturers Life Communications The reported 0% of its portfolio in Houston Wire & Cable Company (NASDAQ:HWCC). Jpmorgan Chase And accumulated 7,700 shares. Shell Asset Mgmt Com has 7,221 shares for 0% of their portfolio. Franklin owns 250,000 shares or 0% of their US portfolio. Royal National Bank Of Canada invested in 0% or 3 shares. Pacific Ridge Cap Prtnrs Ltd Liability reported 174,700 shares. The Connecticut-based Thomson Horstmann Bryant has invested 0.58% in Houston Wire & Cable Company (NASDAQ:HWCC). California Pub Employees Retirement has 0% invested in Houston Wire & Cable Company (NASDAQ:HWCC). Tci Wealth accumulated 615 shares or 0% of the stock. Morgan Stanley holds 0% of its portfolio in Houston Wire & Cable Company (NASDAQ:HWCC) for 12,896 shares. 182,085 are owned by Comml Bank Of New York Mellon. Rutabaga Capital Mngmt Lc Ma stated it has 1.15 million shares. State Street owns 10,515 shares. Ameriprise reported 648,124 shares stake. Bank Of Montreal Can holds 0% or 5,727 shares in its portfolio.

The stock of Houston Wire & Cable Company (NASDAQ:HWCC) hit a new 52-week high and has $7.61 target or 8.00 % above today’s $7.05 share price. The 8 months bullish chart indicates low risk for the $116.37M company. The 1-year high was reported on Mar, 18 by Barchart.com. If the $7.61 price target is reached, the company will be worth $9.31M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 5.22% or $0.35 during the last trading session, reaching $7.05. About 93,136 shares traded or 162.82% up from the average. Houston Wire & Cable Company (NASDAQ:HWCC) has risen 22.62% since March 18, 2017 and is uptrending. It has outperformed by 5.92% the S&P500.

Houston Wire & Cable Company (NASDAQ:HWCC) Ratings Coverage

Among 2 analysts covering Houston Wire & Cable Company (NASDAQ:HWCC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Houston Wire & Cable Company has $9 highest and $5 lowest target. $5’s average target is -29.08% below currents $7.05 stock price. Houston Wire & Cable Company had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Sector Weight” rating on Thursday, December 1 by KeyBanc Capital Markets. The stock of Houston Wire & Cable Company (NASDAQ:HWCC) earned “Market Perform” rating by Raymond James on Tuesday, August 18. The company was downgraded on Friday, August 7 by Zacks.

Houston Wire & Cable Company, through its subsidiaries, sells electrical and mechanical wire and cable, industrial fasteners, hardware, and related services in the United States. The company has market cap of $116.37 million. It offers wire and cable products, including continuous and interlocked armor cables; control and power cables; electronic wires and cables; flexible and portable cords; instrumentation and thermocouple cables; lead and high temperature cables; medium voltage cables; and premise and category wires and cables, primary and secondary aluminum distribution cables, and steel wire ropes and wire rope slings, as well as synthetic fiber rope slings, chains, shackles, and other related hardware and corrosion resistant products. It currently has negative earnings. The firm also provides private branded products comprising its proprietary brand LifeGuard, a low-smoke zero-halogen cable.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.