Houston Wire & Cable Company (HWCC) Sets 52-Week High; Strong Momentum for Holders

March 18, 2018 - By Michael Collier

Investors sentiment decreased to 0.67 in Q3 2017. Its down 0.14, from 0.81 in 2017Q2. It dropped, 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.
Renaissance Tech Ltd Liability Corp holds 0% or 119,800 shares. Geode Cap Mngmt Ltd Llc stated it has 0% of its portfolio in Houston Wire & Cable Company (NASDAQ:HWCC). Brandes Invest Partners Ltd Partnership holds 0.03% or 356,085 shares. Blackrock owns 469,356 shares for 0% of their portfolio. National Bank Of Montreal Can accumulated 5,727 shares or 0% of the stock. Moreover, Vanguard Grp Inc Inc has 0% invested in Houston Wire & Cable Company (NASDAQ:HWCC). North Star has 2,000 shares. Rbf Capital Ltd Llc invested in 0.01% or 16,200 shares. California Public Employees Retirement Sys accumulated 55,900 shares or 0% of the stock. Tci Wealth Advsrs owns 615 shares or 0% of their US portfolio. Pacific Ridge Prns Ltd Liability Corp stated it has 0.26% of its portfolio in Houston Wire & Cable Company (NASDAQ:HWCC). Tower Llc (Trc) reported 0% in Houston Wire & Cable Company (NASDAQ:HWCC). Ancora Advisors Limited Liability Company invested in 0.13% or 413,001 shares. Comml Bank Of Ny Mellon Corp owns 182,085 shares. Raymond James & Associates holds 0% or 264,791 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 has “Hold” rating by Zacks given on Friday, August 7. The rating was upgraded by Raymond James on Tuesday, August 18 to “Market Perform”. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Thursday, December 1.

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.

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