Houston Wire & Cable Company (NASDAQ:HWCC) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
Previous Quarter Performance
Houston Wire & Cable Company recorded loss for the second quarter of $ 0.13 per share, from the revenue of $ 66.78 million. According to street consensus, revenue of $ 84.80 million was expected for the second quarter The top line results fell short of analysts by $ 18.02 million or 21.25 percent.
Stock Performance
Shares of Houston Wire & Cable Company traded low $ -0.09 or -3.16 percent on Wednesday, reaching $ 2.76 with volume of 9.10 thousand shares. Houston Wire & Cable Company has traded high as $ 2.86 and has cracked $ 2.74 on the downward trend
The closing price of $ 2.76, representing a 70.66 % increase from the 52 week low of $ 1.67 and a 39.75 % decrease over the 52 week high of $ 4.73.
The company has a market capital of $ 45.69 million and is part of the Industrials sector and Industrial Distribution industry.
Houston Wire & Cable Company, through its subsidiaries, sells electrical and mechanical wire and cable, industrial fasteners, hardware, and related services in the United States. It offers wire and cable products, including continuous and interlocked armor cables; control and power cables; electronic wires and cables; flexible and portable cords; instrumentation and thermocouple cables; lead and high temperature cables; medium voltage cables; and premise and category wires and cables, primary and secondary aluminum distribution cables, and steel wire ropes and wire rope slings, as well as synthetic fiber rope slings, chains, shackles, and other related hardware and corrosion resistant products. The company also provides private branded products comprising its proprietary brand LifeGuard, a low-smoke zero-halogen cable.