According to lulegacy, Zacks has upgraded shares of Encore Wire (NASDAQ:WIRE) from a sell rating to a hold rating, and DA Davidson reduced their price target from $41.00 to $37.00 and issued a neutral rating on the stock.
Meanwhile, director Gregory J. Fisher bought 1,500 shares of company stock at an average price of $33.30 per share for a net of $49,950.00.
Encore stock has a 50-day moving average of $32.40 and a 200-day moving average of $39.11. Encore’s 12-month low is $29.36 and its 12-month high is $48.50. As MHProNews reported in today’s trading, Encore closed at $34.07, up +4.19 percent.
Encore produces electrical building wire and cable for the manufactured housing industry as well as for other homes, apartments and industrial building applications. ##
(Image credit: Encore Wire Corp.)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.