Shares of the company are trading at $18.90 a tad above the 50 day moving average which is $17.81 and which is just a bit higher than the 200 day moving average of $17.25. The 50 day moving average was up by +6.13% whereas the 200 day moving average was up $1.65 or +9.55%. General Cable Corporation shares had a trading volume of 478K in the last trading session. Overall, volume was down 47.31% under the stocks normal daily volume.
Investors are feeling more bearish on shares of the company of late if you evaluate the uptick in short interest. The firm realized a rise in short interest of 14.03% between August 15, 2017 and August 31, 2017. Short interest grew from 4,528,144 to 5,163,493 over that timeframe. The days to cover increased to 7.0 and the percentage of shorted shares is 0.10% as of August 31.
Here are a few substantial investment firms who have updated their positions. Two Sigma Advisers, Lp bolstered its holdings by buying 2,100 shares an increase of 1.9% from 03/31/2017 to 06/30/2017. Two Sigma Advisers, Lp now controls 110,381 shares valued at $1,805,000. The value of the position overall is down by 7.2%. As of the end of the quarter Edmond De Rothschild Holding S.a. had sold 1,449,500 shares trimming its stake by 100.0%. The value in dollars decreased from $26,028,000 to $8,000 a change of $26,020,000 quarter to quarter.
Ubs Group Ag grew its ownership by buying 1,190 shares an increase of 109.7% in the quarter. Ubs Group Ag owns 2,275 shares worth $37,000. The total value of its holdings increased 94.7%. Netols Asset Management, Inc. downsized its investment by selling 32,590 shares a decrease of 8.1%. Netols Asset Management, Inc. controls 369,480 shares with a value of $6,632,000. The value of the position overall is down by 13.4%.
The company is up by 0.53%% since yesterday’s close of 18.8. Additionally the company declared a dividend that was paid on Friday the 30th of June 2017. The dividend payment was $0.180 per share for the quarter or $0.72 annualized. The dividend yield was $3.81. The ex-dividend date was set for Thursday the 7th of September 2017.
As of the last earnings report the EPS was $-3.56 and is expected to be $0.75 for the current year with 49,754,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.20 and the next full year EPS is anticipated to be $1.00.
General Cable Corporation, launched on April 22, 1994, is involved in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Business’s segments include North America, Europe, Latin America, and Africa/Asia Pacific. The Company additionally engages in the design, integration and installation on a turnkey basis for products, such as high and extra-high voltage terrestrial and submarine systems..