Home / Market Movers / Services Sector Gets a Lift from 3.67% Morning Gain for Houston Wire & Cable Company (HWCC) on September 22

Services Sector Gets a Lift from 3.67% Morning Gain for Houston Wire & Cable Company (HWCC) on September 22

Houston Wire & Cable Company (HWCC) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of HWCC have tacked on 3.67% to $5.93 after closing the day prior at $5.72. In the first two and a half hours of trading, the stock has gone as high as $5.93 and as low as $5.77. Today’s rise has come with about 6,267 shares changing hands, compared to an average 30-day volume of 20,294 for Houston Wire & Cable Company. The price is currently below the 30-day volume weighted average price of $5.81 for HWCC.

The share appreciation gives the company a market capitalization of $94.21 million based upon 16.47 million shares outstanding. It also means that HWCC has a price-to-book ratio of 1.0:1.

In the past 52 weeks, shares of HWCC have traded as low as $4.79 and as high as $7.71. Technical traders will take note that at $5.93, shares of HWCC are trading above their 200-day MA at $5.77 and above their 50-day MA at $5.77. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is HWCC?

Houston Wire & Cable Co is a provider of electrical and mechanical wire and cable, hardware and related services to the U.S. market. The company’s 352 employees are led by CEO James L. Pokluda from the corporate headquarters at 10201 North Loop East in Houston, TX.

For more information on HWCC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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