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Enter Symbol:
 
Houston Wire & Cable Company (HWCC) [hlAlert]

Rating:
Underperform
HWCC
up 77.82 %

Houston Wire & Cable Company (HWCC) downgraded to Underperform by Raymond James

Posted on: Friday,  Mar 14, 2014  8:25 AM ET by Raymond James

Raymond James rated Underperform Houston Wire & Cable Company (NASDAQ: HWCC) on 03/14/2014, when the stock price was $13.07.
Since then, Houston Wire & Cable Company has lost 43.76% as of 09/21/2015's recent price of $7.35.
If you would have followed this Raymond James's recommendation on HWCC, you would have gained 77.82% of your investment in 556 days.

Houston Wire & Cable Company is a distributor of specialty wire and cable, and related services to the United States electrical distribution market. During the year ended December 31, 2008, the Company served over 3,200 customers, including 200 electrical distributors in the United States. In 2008, Houston Wire & Cable distributed approximately 22,000 stock-keeping units (SKUs) to over 8,600 customer locations nationwide from 11 distribution centers in 10 states. The Company offers products in categories of specialty wire and cable, including continuous and interlocked armor cable, control and power cable, electronic wire and cable, flexible and portable cords, instrumentation and thermocouple cable, lead and high temperature cable, medium voltage cable, and premise and category wire and cable. It also offers private branded products, including its LifeGuard low-smoke, zero-halogen cable.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/14/2014 8:25 AM Sell
None
13.07
as of 10/17/2014
1 Week down  -4.67 %
1 Month up  4.42 %
3 Months up  1.06 %
1 YTD up  7.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2013 8:25 AM Hold
None
14.06

(*) Stock Price at the time of the recommendation.
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