The stock last traded at $5.85 quite a bit higher than the 50 day moving average which is $5.29 and just a bit higher than the 200 day moving average of $5.81. The 50 day moving average was up $0.56 and the 200 day average went up $0.04 or +0.77%. Houston Wire & Cable Company shares had a trading volume of 2,911 by the end of trading on Tuesday. Volume was down 91.61% under the stocks average daily volume.
Traders are a little more bullish on shares of the company of late if you evaluate the decrease in short interest. The firm recorded a fall in short interest of -18.11% as of September 29, 2017 from the last reporting period. Short shares decreased from 407,693 to 333,865 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.02% as of September 29.
Here are a few substantial investment firms who have updated their positions. Pacific Ridge Capital Partners, LLC cut its ownership by selling 1,880 shares a decrease of 2.2% from 03/31/2017 to 06/30/2017. Pacific Ridge Capital Partners, LLC currently owns 85,270 shares valued at $443,000. The total value of its holdings decreased 24.7%. Walthausen & Co., LLC divested its position by shedding 2,059 shares a decrease of 0.5% as of 06/30/2017. Walthausen & Co., LLC now holds 437,589 shares with a value of $2,275,000. The value of the position overall is down by 23.3%.
As of the end of the quarter Ubs Group Ag had bought 27,204 shares growing its position 1,818.4%. The value of the total investment in Houston Wire & Cable Company increased from $10,000 to $149,000 a change of $139,000 quarter to quarter. As of quarter end Balter Liquid Alternatives, LLC had acquired a total of 9,930 shares growing its holdings by 23.9%. The value of the investment in (HWCC) went from $218,000 to $270,000 increasing 23.9% for the reporting period.
In the latest earnings report the EPS was $-0.23 and is estimated to be $-0.05 for the current year with 16,487,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.02 with next year’s EPS anticipated to be $0.06.
Houston Wire & Cable Company, launched on March 20, 1997, is a holding company. The Company is involved in provision of electrical and mechanical wire and cable, hardware and related services. The Company 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. It provides cable management services and value-added 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 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..