Shares of Houston Wire & Cable Company (Nasdaq:HWCC) have taken a tremendous swing upward. The stock is trading at $14.19 as of 1:22 p.m. ET, 20.1% above Monday's closing price of $11.81. Volume is at 168,557, 2.9 times the daily average of 58,800.
NEW YORK ( TheStreet) -- Shares of Houston Wire & Cable Company (Nasdaq: HWCC) have taken a tremendous swing upward. The stock is trading at $14.19 as of 1:22 p.m. ET, 20.1% above Monday's closing price of $11.81. Volume is at 168,557, 2.9 times the daily average of 58,800. Houston Wire & Cable has a market cap of $209.2 million and is part of the services sector and wholesale industry. Shares are down 12.1% year to date as of the close of trading on Monday. Houston Wire & Cable Company, through its subsidiaries, distributes specialty wire and cable products, as well as provides related services to the United States electrical distribution market. The company has a P/E ratio of 27.4, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.1. TheStreet Ratings rates Houston Wire & Cable as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Houston Wire & Cable Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.