Houston Wire & Cable Stock Gaps Up On Today's Open (HWCC)
Shares of Houston Wire & Cable Company (Nasdaq:HWCC) were gapping up Tuesday morning with an open price 13.3% higher than Monday's closing price. The stock closed at $12 yesterday and opened today's trading at $13.60.
NEW YORK ( TheStreet) -- Shares of Houston Wire & Cable Company (Nasdaq: HWCC) were gapping up Tuesday morning with an open price 13.3% higher than Monday's closing price. The stock closed at $12 Monday and opened today's trading at $13.60. The average volume for Houston Wire & Cable has been 70,800 shares per day over the past 30 days. Houston Wire & Cable has a market cap of $237 million and is part of the services sector and wholesale industry. Shares are down 10.7% 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 20.2, above the average wholesale industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Houston Wire & Cable as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Houston Wire & Cable Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.