Houston Wire & Cable Company Hits New 52-Week Low at $10.75 (HWCC)

Houston Wire & Cable Company (NASDAQ:HWCC) shares hit a new 52-week low on Wednesday , Analyst Ratings News reports. The stock traded as low as $10.75 and last traded at $10.83, with a volume of 79,172 shares traded. The stock had previously closed at $11.45.

A number of research firms have recently commented on HWCC. Analysts at Sidoti downgraded shares of Houston Wire & Cable Company from a "buy" rating to a "neutral" rating in a research note on Wednesday. Analysts at TheStreet downgraded shares of Houston Wire & Cable Company from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, analysts at Zacks upgraded shares of Houston Wire & Cable Company from an "underperform" rating to a "neutral" rating and set a $11.90 price target on the stock in a research note on Wednesday, January 7th.

The stock's 50-day moving average is $11.65 and its 200-day moving average is $12.37. The company has a market cap of $189.9 million and a P/E ratio of 14.14.

Houston Wire & Cable Company (NASDAQ:HWCC) last released its earnings data on Thursday, November 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.01. The company had revenue of $96.70 million for the quarter, compared to the consensus estimate of $100.37 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Houston Wire & Cable Company will post $0.83 EPS for the current fiscal year.

Houston Wire & Cable Company provides wire and cable and related services to the United States market. The Company offers its customers with a single-source solution for wire and cable, hardware and related services. The Company 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 cords, instrumentation and thermocouple cable, lead and high temperature cable, medium voltage cable, premise and category wire and cable, wire rope and wire rope slings, as well as nylon slings, chain, shackles and other related hardware.

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